Copper inventory rises

FXStreet (Mumbai) - The daily inventory data released by the London Metal Exchange (LME) today showed a decline in the inventory levels of Aluminium and Zinc. Meanwhile, the data showed a rise in the inventory levels of Copper, Lead, and Nickel.

Aluminium inventory declined again, falling by 10,750 tonnes today, while the Zinc inventory declined by 2850 tonnes. Nickel inventory increased by 642 tonnes, while Copper inventory increased by 1500 tonnes. Lead inventory also rose by 150 tonnes.

Metal prices are trading little changed on the London Metal Exchange (LME), except Copper which is inching towards a two-week high on supply concerns.