The London Metal Exchange (LME), the world’s oldest and largest market for industrial metals, has delayed the release of its daily inventory data on Thursday. The data, which is typically released at 9 a.m. UK time, was delayed, and the exchange said it is currently investigating the situation.
The LME did not provide any further details on the reason for the delay or the expected timeline for the data release. The daily inventory data is closely watched by market participants as it provides insights into the supply and demand dynamics for various metals traded on the exchange.
The LME is the global hub for the trading of base and other metals, including copper, aluminum, zinc, lead, nickel, tin, and steel. The exchange’s warehouse network and pricing mechanism are used as benchmarks for the physical and derivative trade of these metals worldwide.
The delay in the release of the daily stocks data could impact market transparency and trading activity, as the information is crucial for market participants to assess the current state of the metal markets and make informed trading decisions.
The LME’s announcement highlights the importance of the exchange’s data and the need for timely and accurate information to maintain the efficient functioning of the global metals market.