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LME copper stocks fall 3,750t, zinc rises 3,225t

London Metal Exchange warehouse stock data showed copper inventories down 3,750 tonnes, lead down 2,700 tonnes and nickel down 198 tonnes. Zinc stocks rose 3,225 tonnes, tin fell 45 tonnes, and aluminium was unchanged.

Original source

AI take

The split matters more than either headline number: copper draws alongside lead and nickel declines, while zinc builds. That divergence points to uneven physical demand rather than a single macro metals story, and it complicates any read that treats LME stocks as one directional signal. Whether copper's draw continues against zinc's build is the open question worth tracking in the next data release.

Generated by AI for reference only.

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