Base metals price snapshot: slight firming on broader LME activity – 23 Janaury 2026
Recent base metals activity on the LME showed aluminium prices modestly up ~0.24% to around USD 3,115/t, while inventories increased to about 507,175 t, indicating fresh metal inflows into exchange warehouses.
Summary :
Base metals prices on the London Metal Exchange (LME) edged higher on 22 January, with modest gains recorded across most of the complex. Aluminium prices rose 0.24% to $3,115/t, while LME stocks increased 5.01% to 507,175 t, pointing to fresh inventory inflows. Nickel outperformed, climbing 2.17% to $17,996/t, as stocks edged lower by 0.03% to 284,664 t.
Copper prices gained 0.44% to $12,810/t, accompanied by a 1.98% rise in inventories to 159,400 t, indicating continued inflows at exchange warehouses. Zinc edged up 0.08% to $3,176/t, supported by a 0.40% decline in stocks to 111,850 t. In contrast, lead slipped 0.32% to $2,022/t, even as inventories fell 1.30% to 222,650 t, signalling slightly tighter availability.
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