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 625 tonnes. While stock levels of lead and zinc deducted 3725 tonnes and 3000 tonnes respectively. Aluminium stocks witnessed a massive drawdown of 4800 tonnes. By contrast, Nickel inventories added 606 tonnes.