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London Metal Exchange: Stock Levels of Aluminum and Zinc Rose

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Jan. 21 2016, Updated 8:18 a.m. ET

Copper stock levels fell

On January 20, 2016, the inventory levels of all base metals fell except for the stock levels of aluminum and zinc in the LME, or London Metal Exchange. The inventory levels of zinc in the LME had biggest surge out of all base metal stock levels in the exchange, with a rise of 2.1%.

On January 20, the stock levels of copper fell 0.35% and reached 235,300 tons. The highest stock level of copper in recent times was recorded as 371,250 tons on August 28, 2015. It fell by 36.6% since then. Additionally, the inventory levels of aluminum in the LME are in a downtrend since the beginning of 2015. On January 20, 2016, the stock levels of aluminum rose 0.35% to 2,842,550 tons. In the week ended January 16, aluminum inventory levels in the LME fell by 1% to 2,841,250 tons. Last year, the Aluminum stock levels in the LME fell by 31.7%.

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The inventory levels of nickel fell

The stock levels of nickel in the LME fell by 1% in the week ended January 16 and reached 434,244 tons. On Wednesday, the inventory levels of nickel fell 0.4% and reached 450,978 tons. The stock levels of nickel in the LME reached a low of 393,228 on December 9, 2015, and rose 14.7% from that low.

In the week ended January 16, the stock levels of zinc in the LME fell by 2% and reached 455,200 tons. On Wednesday, the stock levels of zinc rose 2.12% and reached 450,978 tons. The peak inventory level of zinc in recent times is at 617,325 tons on September 15, 2015. It dropped by 21.8% since then.

Tin and lead followed suit and fell

The inventory level of tin fell 0.08% and reached 6,160 tons on January 20. In the week ended January 16, the stock levels of tin fell 2.4% to 6,145 tons. The inventory levels of tin in the LME fell 49% in 2015.

Also, the stock levels of lead fell 0.44% and reached 187,400 tons on Wednesday. The base metal miners Glencore (GLNCY), BHP Billiton (BHP), and Rio Tinto (RIO) fell 9.36%, 3.4%, and 2.7%, respectively, on Wednesday. Alternatively, Freeport-McMoRan (FCX) rose 2.8%. The SPDR S&P Metals & Mining ETF (XME) fell 2% on Wednesday.

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