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 Lead, Zinc, Aluminium, while Copper and Nickel stocks increased.

Copper stocks increased by 2550 tonnes, resuming its upsurge for the 10th week in a row. While nickel inventories rose by 918 tonnes. On the other hand, aluminium inventories declined 5925 tonnes, while Zinc stocks got subtracted by 3500 tonnes. While, stock levels of lead decreased by 350 tonnes.