LME Market Report --- Base metals regained their gains and set new highs The London Metal Exchange (LME) base metals broke short-term technical corrections on Wednesday afternoon, regaining this week's rally and setting a new high. A trader said, "The trading activity has become very active again in the afternoon and the speculators are actively buying." Aluminum futures and copper futures hit a five-month high, while lead and zinc futures also performed brilliantly. They once rose to seven. Month highs and six-week highs. Although the market seems to be overbought, the rising positive sentiment keeps the upside momentum intact. Occasional surges in stocks are considered to have a short-term effect, and almost all markets have a trend of falling stocks and reverse prices. "Investors do not currently all go short, so this wave of decline may appear to be short-lived, especially after the re-appearance of buying." Three-month copper fluctuates, hitting a high of 2,940 in overseas markets before falling below 2,900, it picked up again in the evening market. The final closing price was 15 US dollars higher at 2,915 yuan per ton. "Timely copper needs to close above $2,900, and it does, so copper is expected to challenge 2,940/2,950 again." Analysts said North American copper producer Asarco's labor contract negotiations have reached an impasse, supporting the period price. Asarco, a subsidiary of Grupo Mexico, the third largest copper producer in the world, produces about 150,000 tons of refined copper each year. Three-month aluminum rose to 1,810 U.S. dollars, up 8 U.S. dollars, and more than 1,800 intraday fluctuations. The three-month lead failed to stay above $920, but it still closed higher at $9 to 915; three-month zinc reported $1,016, up $42; three-month nickel rose $775 to 14,150; three months Tin increased by 25 U.S. dollars to 8,975/9,025.