LME nickel stocks down 1086 ton on Aug 19 from previous day

The nickel inventory on the London Metal Exchange (LME) stood at 209,328 tonnes on August 19, down 1,086 tonnes or 0.52% from the previous day. Over the course of the past week, LME nickel stocks have decreased by a cumulative total of 2,418 tonnes, representing a 1.14% decline. In contrast, over the past month, the inventory has increased by 1,752 tonnes, or 0.84%. Historical data indicates that the LME nickel inventory has fluctuated between 21,232 tonnes (on August 22, 2022) and 36,810 tonnes (at some point). The average inventory level has been 97,004.13 tonnes. The current inventory of 209,328 tonnes is 53.66% higher than the average.

The London Metal Exchange (LME) nickel inventory has shown significant fluctuations in recent weeks. On August 19, the inventory stood at 209,328 tonnes, marking a decrease of 1,086 tonnes or 0.52% from the previous day. Over the past week, LME nickel stocks have decreased by a cumulative total of 2,418 tonnes, representing a 1.14% decline. Conversely, over the past month, the inventory has increased by 1,752 tonnes, corresponding to an 0.84% rise. Historical data indicates that the LME nickel inventory has fluctuated between a high of 21,232 tonnes on August 22, 2022, and a low of 36,810 tonnes. The average inventory level has been 97,041.3 tonnes. Currently, the inventory stands at 53.66% above the average [1].

The latest decrease in LME nickel inventory is notable, given the recent trends. Over the past week, the inventory has decreased by 2,418 tonnes, while over the past month, it has increased by 1,752 tonnes. This indicates a period of adjustment, which could be influenced by various factors, including market dynamics and supply chain adjustments. The current inventory level is significantly above the average, suggesting a robust market demand for nickel.

The market trends indicate that despite the fluctuations in inventory levels, the nickel market remains robust. The increased production from Nornickel and Vale, coupled with the historical data, suggests a stable and growing demand for nickel. Nornickel reported a 2% increase in net profit for the first half of 2025, driven by a reduction in accumulated inventories and logistics adjustments [2]. Meanwhile, Vale saw a significant boost in nickel production from its Canadian operations, with the Voiseys Bay mine contributing to a 44% increase in nickel output [3].

Investors and financial professionals should closely monitor these trends to make informed decisions regarding their investments in the nickel market. The continued increase in nickel production and the current inventory levels suggest a strong demand and a stable market environment.

References:
[1] https://www.ainvest.com/news/lme-nickel-stocks-42-ton-aug-14-previous-day-2508/
[2] https://www.mining.com/web/nornickels-first-half-net-profit-up-2/
[3] https://www.indexbox.io/blog/vales-canadian-operations-drive-significant-growth-in-nickel-and-copper-output/