LME base metals data indicates aluminium prices eased about 1.3% to ~USD 3,089/t, while other metals showed mixed performance; aluminium inventories also ticked lower, underscoring ongoing supply tightness.

Summary :

LME warehouse inventories showed varied movements, indicating uneven supply conditions. Aluminium stocks fell 0.50% to 501,750 t, while zinc inventories edged down 0.26% to 105,500 t and lead stocks declined 1.25% to 230,425 t. Nickel inventories dropped sharply by 43.95% to 143,225 t, pointing to a significant drawdown in available stocks. Meanwhile, copper inventories rose 88.69% to 275,634 t, signalling increased inflows and relatively comfortable near-term supply on the exchange.

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