LME Copper Warehouse Inventory · September 3, 2026
As of September 3, 2026, London Metal Exchange Copper total warehouse stocks stands at 234.7K mt — a figure that has declined by 1.6% over the past 30 days.
What is LME Copper on-warrant inventory?
LME Copper on-warrant stocks represent physical metal held in London Metal Exchange–approved warehouses that is available for delivery against futures contracts. Declining on-warrant inventory often signals tightening physical supply; rising levels indicate looser conditions.
Related metals
- LME Aluminum warehouse inventory
- LME Zinc warehouse inventory
- LME Nickel warehouse inventory
- LME Lead warehouse inventory
- LME Tin warehouse inventory
Glossary
- Registered inventory
- COMEX-certified metal in approved vaults that is available for delivery.
- Eligible inventory
- Metal stored in COMEX vaults but not yet certified for delivery.
- On-warrant
- LME stocks covered by a warrant; available for delivery against open futures contracts.
- Cancelled warrants
- On-warrant metal earmarked to leave the warehouse — a leading indicator of physical drawdowns.
- Backwardation
- Cash (spot) price trading above the 3-month forward — signals tight physical supply.
Data sourced directly from official LME warehouse reports and updated daily. View all charts at thevaultreport.com/charts.