Copper - LME copper opened at $9,009.5/mt overnight, with the initial focus dropping to $8,958/mt. It then fluctuated upward, reaching a high of $9,106/mt at the end of the session, and finally closed at $9,094.5/mt, up 1.38%. Trading volume reached 17,000 lots, and open interest was 276,000 lots. Overnight, the most-traded SHFE copper 2412 contract opened at 73,550 yuan/mt, initially dipping to 73,510 yuan/mt amid fluctuations. It then fluctuated upward, reaching a high of 74,100 yuan/mt at the end of the session, and finally closed at 74,030 yuan/mt, up 0.27%. Trading volume reached 21,000 lots, and open interest was 133,000 lots.

Aluminum  - Overnight, the most-traded SHFE aluminum 2501 contract opened at 20,350 yuan/mt, reached a high of 20,505 yuan/mt, a low of 20,525 yuan/mt, and closed at 20,480 yuan/mt, down 35 yuan/mt or 0.17% from the previous close. On Monday, LME aluminum opened at $2,651.5/mt, hit a high of $2,689/mt, a low of $2,576/mt, and closed at $2,610.5/mt, down $46/mt or 1.73%.

Lead - Overnight, LME lead opened at $1,964.5/mt. During the Asian session, it fluctuated upward slightly, and in the European session, it first dipped and then rose, hitting a low of $1,948.5/mt before climbing to a high of $1,998.5/mt. It finally closed at this level, up $47.5/mt, an increase of 2.43%. Overnight, the most-traded SHFE lead 2412 contract opened at 16,740 yuan/mt. It initially rose to a high of 16,820 yuan/mt before weakening slightly to a low of 16,730 yuan/mt. It then fluctuated under pressure around the daily moving average and finally closed at 16,775 yuan/mt, up 35 yuan/mt, an increase of 0.21%.

Zinc - Overnight, LME zinc opened at $2,953/mt. After a brief consolidation around the daily moving average, the focus shifted to around $2,965/mt. During European trading hours, it peaked at $2,984/mt, then bears shorted at high levels, causing LME zinc to plunge, with the night session focus shifting to around $2,925/mt, hitting a low of $2,920.5/mt. By the end of the session, the focus slightly lifted, closing up at $2,963/mt, an increase of $9.5/mt or 0.32%. Trading volume decreased to 9,468 lots, and open interest decreased by 1,986 lots to 245,000 lots. Overnight, the most-traded SHFE zinc 2412 contract opened at 24,595 yuan/mt. Initially, SHFE zinc fluctuated downward along the daily moving average, hitting a low of 24,475 yuan/mt. Subsequently, bears took profits and exited, causing SHFE zinc to rebound from the low, peaking at 24,765 yuan/mt by the end of the session, closing up at 24,740 yuan/mt, an increase of 180 yuan/mt or 0.73%. Trading volume decreased to 71,066 lots, and open interest decreased by 1,855 lots to 96,416 lots.

Nickel - On November 18, Jinchuan nickel was quoted at a premium of 2,200-2,500 yuan/mt, with an average of 2,350 yuan/mt, up 300 yuan/mt compared to the previous trading day. Norilsk nickel was quoted at a discount of 200 yuan/mt to a premium of 100 yuan/mt, with an average discount of 50 yuan/mt, up 50 yuan/mt compared to the previous trading day.