Zinc Stockpile Orders Rise for Fourth Day on Increases in U.S.Agnieszka Troszkiewicz
Orders to remove zinc from stockpiles monitored by the London Metal Exchange climbed for a fourth day on increases in the U.S.
The orders, known as canceled warrants, rose 2,275 metric tons, or 12 percent, to 20,600 tons today, daily LME figures showed. That extended the four-day jump to 71 percent. Gains came in Long Beach, California, and New Orleans. Zinc inventories declined for a fourth day, falling 325 tons to 867,750 tons.
Aluminum stocks dropped for a 19th day, declining in Asia, the U.S. and Europe. Inventories fell 10,675 tons to 4.58 million tons, while canceled warrants dropped for a sixth day to 490,300 tons.
Copper inventories rose 975 tons to 472,825 tons, while canceled warrants gained 125 tons to 27,400 tons.
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