Description
The LME Total Inventory: Nickel is compiled and published by the London Metal Exchange (LME). This indicator tracks the total amount of nickel held in LME-approved warehouses. It is used to gauge the supply levels of nickel in the market, which can impact nickel prices and inform market participants about potential supply shortages or surpluses. Higher inventory levels generally indicate a surplus and may lead to lower prices, while lower inventory levels suggest a shortage and can drive prices up.
The total inventory is calculated by summing up the amount of nickel stored in all LME-approved warehouses globally. The data includes nickel in various forms, such as cathodes, pellets, and briquettes.
This data is updated daily and published on the LME's official website, providing the most recent inventory levels.