Opening Bell: Base Metals Market Update

  • LME base metals stocks fell up to 1.5% on yesterday’s trade closing, which resulted in cash prices increasing by up to 3% today.
  • The opening stocks of aluminium at LME warehouses stood at 573,975 t on 4 May of which live warrants were 387,775 t and cancelled warrants were 186,200 t.
  • Nickel stocks were assessed at 72,384 t out of which live warrants were 62,484 t and cancelled warrants were 9,900 t.

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