LME Lead Warehouse Inventory · September 3, 2026
As of September 3, 2026, London Metal Exchange Lead total warehouse stocks stands at 396.8K mt — a figure that has declined by 8.7% over the past 30 days. The metal has been draining for 10 consecutive trading sessions. Current levels sit near the 30-day low of 396.8K mt.
What is LME Lead on-warrant inventory?
LME Lead 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 Copper warehouse inventory
- LME Zinc warehouse inventory
- LME Nickel 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.