LME Inventory Update

FXStreet (Mumbai) - The warehouse stocks data released daily by the London Metal Exchange (LME) showed a drop in the inventory levels of the base metals viz., Zinc, Lead, and Aluminium. While Copper and Nickel stocks witnessed a built-up.

Copper stocks increased by 400 tonnes. While Nickel inventories added 1638 tonnes. On the other hand, Lead and Zinc stocks deducted 2525 tonnes and 400 tonnes respectively. Aluminium inventories subtracted massive 8100 tonnes for fourth day in a row.