Off-warrant LME copper, aluminium stocks fall more than 10% in May; tin, lead soar

Metal held outside of London Metal Exchange warehouses fell for the third month in a row to just above 1 million tonnes in May, according to data released by the LME, with the amount aluminium and copper falling by more than 10%.

Across all metals, stocks fell by 140,246 tonnes through May to 1,037,379 tonnes, the latest LME off-warrant stock report shows, down from 1,177,625 tonnes in April.
The biggest fall wa in aluminium's stocks, which fell by 13% to 869,875 tonnes, while copper stocks fell by 12% despite a rise in the amount of red metal held outside LME warehouses in Asia.

There were substantial rises in off-warrant stocks of lead and tin, however. The amount of lead more than doubled to 8,017 tonnes through May, while the amount of tin increased eight-fold...

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