On June 10, London Metal Exchange (LME) non-ferrous metal inventories and their changes were as follows:

1. Copper inventory: 369,575 tonnes, down 3,075 tonnes from the previous day.

2. Aluminum inventory: 324,825 tonnes, down 2,925 tonnes from the previous trading day.

3. Nickel inventory: 274,710 tonnes, down 138 tonnes from the previous day.

4. Zinc inventory: 109,575 tonnes, down 825 tonnes from the previous day.

5. Lead inventory: 307,225 tonnes, down 825 tonnes from the previous day.

6. Tin inventory: 8,920 tonnes, down 50 tonnes from the previous day.

Analysis and Commentary

Copper

On June 10, LME copper inventories fell by 3,075 tonnes from the previous day; the marginal tightening of available overseas copper supplies provided significant bullish support for both spot and futures prices.

Aluminum

On June 10, LME aluminum inventories dropped by 2,925 tonnes from the previous day; the easing of supply-side pressure provided significant bullish support for both spot and futures prices.

Nickel

On June 10, LME nickel inventories decreased by 138 tonnes from the previous day; the relatively modest decline provided slight bullish support for both spot and futures prices.

Zinc

On June 10, LME zinc inventories fell by 825 tonnes from the previous day; the situation of marginally loose supply eased slightly, providing a modest boost to spot and futures prices.

Lead

On June 10, LME lead inventories dropped by 825 tonnes from the previous day, offering slight support to spot and futures prices.

Tin

On June 10, LME tin inventories decreased by 50 tonnes from the previous day; the decline was limited, providing a modest boost to spot and futures prices.

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