LME Aluminum And Nickel Stocks Hit New Highs This Week, Highlighting Oversupply

Telah Terbit: Dec 29, 2023 13:31
According to foreign news on December 28, London Metal Exchange (LME) data showed that aluminum and nickel inventories in LME-registered warehouses jumped to a new high this week, highlighting oversupply.

According to foreign news on December 28, London Metal Exchange (LME) data showed that aluminum and nickel inventories in LME-registered warehouses jumped to a new high this week, highlighting oversupply.
Over the past two days, aluminum inventories increased by 42,400 mt to 551,050 mt, the highest level since June 19. Inventories have climbed 24% in the past two weeks.
LME data on Thursday showed that LME nickel inventories increased by 7.3% on the day to 62,022 mt, the strongest level since July 2022, and have surged 34% so far this month.

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LME Aluminum And Nickel Stocks Hit New Highs This Week, Highlighting Oversupply - Shanghai Metals Market (SMM)