Most base metals have increased in price.

The three-month copper contract CMCU3 on the London Metal Exchange (LME) rose 1.1%.

Three-month copper futures on the London Metal Exchange (LME) CMCU3 rose 1.1% to $9,730 per ton, while the most actively traded November copper contract on the Shanghai Futures Exchange (SHFE), SCFcv1, gained 1.3% to 77,620 yuan ($10,910.42) per ton.

China cut its benchmark lending rate as expected in its monthly fixed-rate cut, following other policy rate reductions last month as part of a stimulus package aimed at reviving the economy .

Data showing slowing economic growth also reinforces hopes that China will introduce more stimulus measures, potentially helping to boost demand for physical metals.

"People are expecting something next year," said analyst Matt Huang at brokerage firm BANDS Financial.

Despite Monday's gains, copper prices on the LME remain 4.2% lower than their near four-month high of $10,158 reached on September 30, while copper prices in Shanghai have fallen 2.3% over the same period.

Copper inventories at SHFE warehouses rose 8% last week to 168,425 tonnes, the highest level since September 13, raising concerns about physical demand during traditionally strong consumption months in China.

"Most of the trading firms and smelters we met... last week were pessimistic about prices amid high downstream inventories and accumulated social inventories," Huang said, noting that there was optimism about copper demand from green energy transition sectors.

LME aluminum CMAl3 rose 1% to $2,637.50/tonne, nickel CMNI3 increased 0.9% to $17,055, zinc CMZN3 gained 1.1% to $3,123, tin CMSN3 rose 0.2% to $31,380, while lead CMPB3 fell 0.1% to $2,071.

SHFE's aluminum SAFcv1 rose 1.7% to 20,940 yuan/tonne, nickel SNIcv1 increased 1.4% to 130,720 yuan, zinc SZNcv1 gained 1% to 25,230 yuan, lead SPBcv1 rose 0.6% to 16,740 yuan, and tin SSNcv1 edged up 0.1% to 256,780 yuan.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-22-10-hau-het-cac-kim-loai-co-ban-deu-tang-gia.html