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 75 tonnes. While stock levels of lead and zinc deducted 1550 tonnes and 475 tonnes respectively. Aluminium stocks witnessed a massive drawdown of 7200 tonnes for the third day in a row. By contrast, Nickel inventories added mere 120 tonnes.