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 most base metals viz., Copper, Zinc, Lead and Aluminium. While Nickel inventories witnessed a built-up.

Copper stocks decreased by 550 tonnes. While Aluminium inventories subtracted 8875 tonnes. Stock levels of lead and zinc deducted 4500 tonnes and 2875 tonnes respectively. On the contrary, Nickel stocks added 336 tonnes.