Metal stockpiles shrink as energy prices hit production

Financial Times/Neil Hume/4-12-2022

“Inventories of aluminum, copper, nickel and zinc — four of the main contracts traded on the London Metal Exchange — have plunged by as much as 70 percent over the past year, as traders and big consumers have tapped warehouses for material.”

USAGOLD note: Another layer of the hidden crisis building in the commodities trade and the inflation crisis building in the global economy ……