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

Copper stocks decreased by 1275 tonnes. While Lead and Zinc stocks deducted 1825 tonnes and 2525 tonnes respectively. Aluminium inventories subtracted massive 10550 tonnes for the second straight session and nickel stocks were reduced by 1482 tonnes.