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

Copper stocks decreased by 175 tonnes. While Lead and Zinc stocks deducted 1725 tonnes and 2475 tonnes respectively. Aluminium inventories subtracted 4250 tonnes. On the other hand, stock levels of nickel increased by 6408 tonnes.