Backed by dollar weakness and hope Due to better demand, copper prices rose on Monday. China, main buyer, plans to implement a set of measures aimed at stimulate domestic consumer demand.

The most traded copper contract in Shanghai Futures Exchange jumped 2.91% to 103,200 yuan (14,792.94 dollars) per ton Metric at 01:51 GMT.

It reached a record high of 105,500 yuan January 6. The reference copper at three months on the London Metal Exchange increased by 1.22% to reach $13,156 per ton.

The reference price has reached its highest level historic at $13,387.5 on January 6.

Copper prices, used in the sectors of energy, construction and manufacturing, were also supported by a drop in production by the Chilean public mining group Codelco in November.

Nickel SHFE jumped 3.63% to 142 600 yuan.

At the same time, the price of tin in Shanghai has reached its highest level since March 9, 2022, at 371,870 yuan the ton, due to concerns over supply, said two analysts on condition of anonymity, as they are not authorized to speaking to the media.

SHFE aluminum has increased by 1.93%, lead by 1.65% and zinc by 0.48%. Among the others LME metals, aluminum gained 0.7%, nickel 1.31%, lead 0.32%, tin 2.47% and zinc 0.49%