On January 28, the non-ferrous metal inventories and changes on the London Metal Exchange (LME) are as follows:

1. Copper inventory: 173,925 tons, an increase of 1,575 tons from the previous day.
2. Aluminum inventory: 499,975 tons, a decrease of 2,275 tons from the previous trading day.
3. Nickel inventory: 286,338 tons, an increase of 612 tons from the previous day.
4. Zinc inventory: 110,375 tons, a decrease of 175 tons from the previous day.
5. Lead inventory: 209,175 tons, a decrease of 2,000 tons from the previous day.
6. Tin inventory: 7,060 tons, a decrease of 25 tons from the previous day.

PriceSeek Analysis
Copper
Bull-Bear Score: -1
Copper inventory increased by 1,575 tons, indicating rising supply pressure, which may lead to oversupply in the spot market and limit price upside. This inventory change reflects short-term supply easing, exerting a generally bearish impact on spot prices.

Aluminum
Bull-Bear Score: 1
Aluminum inventory decreased by 2,275 tons, signaling tightening supply, which may boost demand in the spot market and support price increases. This change suggests accelerated inventory depletion, exerting a generally bullish impact on spot prices.

Nickel
Bull-Bear Score: -1
Nickel inventory increased by 612 tons, implying supply growth, which may exacerbate oversupply pressure in the spot market and constrain price rebounds. This inventory rise indicates short-term supply easing, exerting a generally bearish impact on spot prices.

Zinc
Bull-Bear Score: 0.5
Zinc inventory decreased by 175 tons, indicating a slight tightening of supply, which may modestly boost demand expectations in the spot market. However, the limited magnitude of the change results in only a mild bullish impact on prices.

Lead
Bull-Bear Score: 1
Lead inventory decreased by 2,000 tons, significantly indicating supply tightness, which may enhance buyer confidence in the spot market and drive price increases. This change reflects rapid inventory depletion, exerting a generally bullish impact on spot prices.

Tin
Bull-Bear Score: 0.5
Tin inventory decreased by 25 tons, indicating a slight tightening of supply, which may provide a modest boost to spot prices. However, the small magnitude of the change results in only a mild bullish impact.