LME Market: The London Metal Exchange (LME) base metals mostly closed higher on Friday, with strong fundamentals triggering short covering. Traders said that Chinese manufacturers further cut production and stimulate three-month zinc to hit seven years and three months New high. Metals gains mean that there will be more technical buying from speculators and funds coming into the market next week. Three-month zinc closed up $17 to 1,292 per tonne, which touched a higher level since October 1997 1,297. Power shortages have forced Chinese zinc mills to reduce their production this month. Officials said on Friday that the Guangxi Yinjing smelter with an annual capacity of 100,000 tons of zinc has been shut down for a week. China’s second-largest zinc producer, the Zhuzhou torch, said on Wednesday that One-third of the output was cut. According to an analyst from Standard Bank, “Despite some new buying, especially zinc buying, due to today’s Friday, the dominant market conditions are still short covering.†He said, “popularity It has picked up, because the metal has been very stable underneath in the past few weeks, which makes people believe that the underlying support is good." He expects the zinc resistance at 1,310/20 US dollars, supported at 1,250/60. The rise of basic metals on Friday boosted Minerals stocks higher. Australian mining giant Rio Tinto (Rio T Into) and Antofagasta were the top gainers in London, gaining 2.8% and 1% respectively. Minerals stocks were boosted, so Numis, a former broker, said that demand for raw materials in China will continue to increase the profitability of the industry. Three months Lead increased by 22 U.S. dollars to 930. Three-month nickel fell by 175 U.S. dollars to 14,100. Three-month tin was not traded at 7,750/800 U.S. dollars. LME copper: Three-month copper futures closed up 42 U.S. dollars at 3,082 yen per tonne. Previously released data showed that copper stocks in both the London and Shanghai exchanges declined. LME copper stocks fell by 150 tons to 43,475, which was lower since 1988, and copper stocks on the Shanghai Futures Exchange fell below 30,000 tons. A dealer said, "General On the other hand, copper stocks in London and Shanghai continue to decline and will support copper prices. LME Aluminium: Three-month aluminum increased by US$17 to US$1,856/ton, and LME aluminum stocks decreased by 4,825 tons. COMEX Copper: New York Mercantile Exchange ( COMEX) copper closed at its highest level in nearly three weeks on Friday. When the US dollar consumer confidence index worsened than expected, the market pushed up the futures price. This week, the copper price rose sharply from the previous day, plus a series of links with the copper market. The good economic data of the United States indicates that the market will l. Maier of Pioneer Futures said that in addition to focusing on fundamentals, the fund is also bullish on the pattern, and overall market sentiment is improving. The March contract rose 1.95 cents to end at a daily high of 1.4345 USD per pound with a trading range of 1.4110. -1.44. The spot January contract settled 1.85 cents higher at 1.4765 US dollars per pound. The rest of the month's contract ended 1.45 to 1.90 cents higher. The closing volume was estimated at 13,000, almost double that at yesterday's 6,989. .