London metals surge across the board, copper prices soar

On June 3rd, futures of major commodities on the London Metal Exchange closed up across the board. The copper futures contract rose by $118, closing at $9616 per ton. The aluminum futures contract rose by $22 to close at $2466 per ton. The zinc futures contract saw a significant increase, rising by $78 to $2698 per ton.
The lead futures contract closed up $23, at $1981 per ton. The nickel futures contract saw a significant increase, rising $300 to $15537 per ton. The tin futures contract also performed strongly, rising $303 and closing at $30709 per ton.
This trading day’s performance is in stark contrast to previous trading days. On May 31st, LME metal futures experienced a general decline, with copper futures falling $70 to $9498 per ton, aluminum futures falling $6 to $2444 per ton, and zinc futures falling $56 to $2620 per ton. Lead futures fell by $5 to $1958 per ton, nickel futures fell by $139 to $15237 per ton, and tin futures fell by $830 to $30406 per ton.
The trading situation on May 30th showed a trend of differentiation. Copper futures rose slightly by $3 to $9568 per ton, while nickel futures rose by $365 to $15376 per ton. But aluminum futures fell by $18 to $2450 per ton, zinc futures fell by $12 to $2676 per ton, lead futures fell by $20 to $1963 per ton, and tin futures fell by $400 to $31236 per ton.
On May 29th, various varieties also experienced a general decline. Copper futures fell $32 to $9565 per ton, aluminum futures fell $16 to $2468 per ton, zinc futures fell $18 to $2687 per ton, lead futures fell $3 to $1982 per ton, nickel futures fell $398 to $15011 per ton, and tin futures fell $952 to $31636 per ton.
From the perspective of price changes, the rise on June 3rd has brought positive market performance to major metal varieties, especially nickel and tin, which have seen relatively large increases.