The opening stocks of aluminium at LME warehouses stood at 579,600 t on 26 Apr’22 of which live warrants were 372,750 t and cancelled warrants were 206,850 t. Nickel stocks were assessed at 72,738 t of which live warrants were 62,598 t and cancelled warrants were 10,140 t. Notably, all base metals stocks fell d-o-d, due to slowdown in the three biggest consumers China, the US and Europe and concerns of US Federal signalling aggressive hike in interest rates in the coming months, as per sources.
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