Vance's LME Monitor
LME Warehouse Ledger
394.7K mt on-warrant
Total stock: 394.7K mt
24h Change
+0.32%
7d Change
-0.27%
30d Change
-0.23%
Cancelled Warrants
0
mt — pending withdrawal
Off-Warrant Stock
0
mt — privately stored
Warrant Coverage
100.0%
on-warrant share
Data Feed
Live
Vance's LME Feed
90-Day Inventory Trend
How to Read This Data
On-Warrant Stock
Metal directly claimable against active futures contracts. This is the most liquid form of LME inventory and the focus of most squeeze analysis.
Off-Warrant Stock
Metal stored in LME-approved warehouses but not currently registered against a warrant. Represents potential supply that could re-enter the market.
Depletion Signals
Rapidly falling inventory alongside rising prices signals physical scarcity — a potential squeeze. Watch on-warrant levels closely near delivery dates.