Copper - LME copper opened at $9,734.5/mt overnight, surged initially, then fell back to $9,715/mt, climbed again to $9,782/mt, fluctuated downward towards the end, and finally closed at $9,733/mt, up 0.59%. Trading volume reached 20,000 lots, and open interest reached 275,000 lots. The most-traded SHFE copper 2412 contract opened lower at 77,600 yuan/mt, surged initially, then fluctuated widely, reaching a high of 78,170 yuan/mt during the session, and finally closed at 77,840 yuan/mt, up 0.52%. Trading volume reached 39,000 lots, and open interest reached 170,000 lots.

Aluminum - The most-traded SHFE aluminum 2412 contract opened at 21,045 yuan/mt overnight, reaching a high of 21,200 yuan/mt and a low of 21,080 yuan/mt, and closed at 21,100 yuan/mt, up 270 yuan/mt or 1.30% from the previous close. The trading volume was 51,000 lots, and the open interest was 206,000 lots, with a daily increase of 1,968 lots. On Tuesday, LME aluminum opened at $2,620/mt, hit a high of $2,663/mt, a low of $2,612/mt, and closed at $2,659/mt, up $38/mt or 1.45%.

Lead - Overnight, LME lead opened at $2,035.5/mt, fluctuated rangebound during the Asian session, and slightly rose to $2,048.5/mt during the European session. It then fell to $2,022.5/mt due to long liquidation at the end of the session, finally closing at $2,028.5/mt, down 0.42%, marking the second consecutive decline. Overnight, the most-traded SHFE lead 2412 contract opened at 16,755 yuan/mt, briefly touched a high of 16,775 yuan/mt at the beginning of the session before plunging to 16,620 yuan/mt, and finally closed at 16,670 yuan/mt, down 0.71%.

Zinc - Overnight, LME zinc opened at $3,035/mt. At the beginning of the session, LME zinc briefly dipped to $3,021/mt, and then longs increased their positions, causing LME zinc to fluctuate upward, reaching a high of $3,117.5/mt by the end of the session. It finally closed up at $3,110.5/mt, an increase of $77/mt or 2.54%. Trading volume increased to 11,433 lots, and open interest rose by 895 lots to 251,000 lots. Overnight, the most-traded SHFE zinc 2412 contract opened at 25,100 yuan/mt. At the beginning of the session, SHFE zinc briefly dipped to 25,050 yuan/mt, and then longs increased their positions, causing SHFE zinc to fluctuate upward, reaching a high of 25,280 yuan/mt by the end of the session. It finally closed up at 25,240 yuan/mt, an increase of 175 yuan/mt or 0.7%. Trading volume decreased to 68,321 lots, and open interest rose by 2,589 lots to 106,000 lots.

Nickel - On November 5, Jinchuan nickel was quoted at a premium of 1,700-1,800 yuan/mt, with an average of 1,750 yuan/mt, up 50 yuan/mt compared to the previous trading day. Norilsk nickel was quoted at a discount of 400-0 yuan/mt, with an average of 200 yuan/mt, up 50 yuan/mt compared to the previous trading day.