LME inventories: zinc down 1,950t, copper down 1,075t; aluminum, nickel flat

The split matters more than the headline: base metals tied to industrial and electrification demand drew down while aluminum and nickel sat still, suggesting the flow is selective rather than a broad restock or destock cycle. For RWA and commodity-token watchers, exchange stockpiles remain the reference point that tokenized claims are priced against, so divergent moves across metals complicate any single "tightness" narrative. Whether zinc and copper continue drawing while the flat metals stay flat is the open question.