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 all base metals viz. Copper, Zinc, Lead, Nickel and Aluminium.

Copper stocks decreased by 875 tonnes. While stock levels of lead and zinc deducted 725 tonnes and 50 tonnes respectively. Aluminium stocks witnessed a massive drawdown of 8700 tonnes for the second day in a row. Nickel inventories also got reduced by 204 tonnes.