This Wednesday, the copper price in Shanghai rose progress. Investors react to China's plan to increase its strategic reserves.

The most active copper contract in Shanghai Futures Exchange soared 2.45% to 103,120 yuan ($14,864.57) The metric ton at 03:30 GMT.

The three-month copper reference price on London Metal Exchange, for its part, fell by 1.11% to settle at $13,328.50 per ton.

China to increase its strategic reserves of copper, an official from the China Industry Association said on Tuesday non-ferrous metals, a state agency, adding that it will study also the possibility of creating a commercial storage system managed by public companies.

Copper received support from the expansion plan reserves, with the Shanghai contract reaching up to 105,810 yuan the thunderous during night-time exchanges, its highest level since January 30, date when the copper correction started, while the price of The London benchmark reached $13,526 on Tuesday.

Elsewhere, the price of tin in Shanghai has closed a fall of three days, increasing by 3.91% to 387,920 yuan per ton, while the price of tin in London fell by 1.60 per cent to $49,320, after crossing the $50,000 mark previously.

Nickel also climbed.

Shanghai nickel gained 2.94% to reach 136,570 yuan per ton, and the London reference nickel contract increased by 0.39 per cent to $17,515.

Among the other base metals of SHFE, aluminum increased by 1.55%, zinc fell by 0.40% and lead slightly decreased by 0.24%.

Elsewhere on the LME, aluminum fell by 0.08%, zinc fell by 0.28% and lead remained almost unchanged, increasing slightly by 0.05%.