Total London Metal Exchange off-warrant stock fell by 77,245 tonnes, or 3.9%, month on month to 1.88 million tonnes in December, according to its latest off-warrant stocks report.
That is roughly the same amount by which stocks increased over November 2020, when data collected by the LME showed there was 1.96 million tonnes of metal held off-warrant.
Although volumes of aluminium decreased by 4.9% to 1.6 million tonnes in December, the light metal still accounted for the vast majority of off-warrant stock at 83.9%.
The biggest decrease over December was in lead off-warrant stocks, which fell by 69.9% to just 9,504 tonnes globally.
Meanwhile, tin's off-warrant stock levels increased to 50 tonnes - all held in Port Klang, Malaysia - from the 0 tonnes in November.
The data is...