LME Inventory Update

FXStreet (Mumbai) - The warehouse stocks data released daily by the London Metal Exchange (LME) showed a rise in the inventory levels of Copper, while the stock levels of Lead remained unchanged for a second straight session. On the other hand, the inventory levels of Aluminium, Zinc and Nickel declined.

Copper stocks increased by 1400 tonnes, whereas zinc and aluminium inventories declined by a whopping 3900 and 575 tonnes respectively. Nickel witnessed a drawdown in stocks by mere 144 tonnes.