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Aluminum noted a decline, following softness in copper prices. Bloated LME inventories also added pressure on the light metal. Stocks climbed 36,050 tonnes on Tuesday, re-approaching a record of 5.2 million tonnes.
Copper slumped to more than one-week low after the data indicated that LME inventories soared to the highest level in nine months. LME stockpiles rose to 300,500 tonnes on Tuesday, while stocks at SHFE added 205,385 tonnes last week to reach a seven-month high.
Nickel declined amid high inventory levels at LME and rising exports from Indonesia. Solid US Dollar also pressurized the base metal.
Zinc edged lower after LME inventories added another 3,000 tonnes on Tuesday, attaining 17-year high.