Description
The LME Total Inventory: Aluminum is compiled and published by the London Metal Exchange (LME). It provides data on the total amount of aluminum stocks held in LME-approved warehouses. This indicator is used to gauge the supply levels of aluminum in the market, which can impact aluminum prices and provide insights into the demand and supply dynamics of the metal. High inventory levels may indicate oversupply and potentially lower prices, while low inventory levels may suggest higher demand and potentially higher prices.
The total inventory is calculated by aggregating the aluminum stock levels from all LME-approved warehouses. These warehouses report their stock levels daily, which are then summed up to provide the total inventory figure.
The inventory data is updated daily, with new figures released each business day.