Description
The LME Total Inventory for Copper is compiled and published by the London Metal Exchange (LME). It provides a snapshot of the total amount of copper stored in LME-approved warehouses globally. This indicator is crucial for assessing supply and demand dynamics in the copper market. Higher inventory levels might indicate a surplus, which could lead to lower prices, while lower inventory levels might suggest a shortage, potentially driving prices up.
The total inventory is calculated by summing the amount of copper stored in all LME-approved warehouses worldwide. The data is collected from daily reports submitted by the warehouses.
This data is updated daily, providing the most recent inventory levels available.