LME copper closed down $12 at $8850 per ton.
LME aluminum closed down $5 at $2298 per ton.
LME zinc closed down $5 at $2437 per ton.
LME lead closed down $17 at $2003 per ton.
LME nickel futures closed down $20 at $16620 per ton.
LME futures tin rose $78 to $27524 per ton.

On March 21, 2024, the Internal Market Protection Department of the Eurasian Economic Commission issued Announcement No. 2024/396/AD24R, stating that in accordance with Eurasian Economic Commission Resolution No. 23 of March 19, 2024, the validity period of anti-dumping duties on aluminum alloy wheels originating from China will be extended until December 26, 2024 (inclusive), and the current 33.69% tax rate will remain unchanged. The measures will take effect 30 days after the announcement is issued. (China Trade Remedies Information Network)

According to data from the National Bureau of Statistics, from January to February 2024, the non-ferrous metal smelting and rolling processing industry achieved a revenue of 1083.47 billion yuan, a year-on-year increase of 9.6%; The operating cost was 1021.19 billion yuan, a year-on-year increase of 9.1%; The total profit was 31.11 billion yuan, a year-on-year increase of 65.5%. From January to February, the non-ferrous metal mining and selection industry achieved a revenue of 50.13 billion yuan, a year-on-year increase of 5.7%; The operating cost was 33.28 billion yuan, a year-on-year increase of 14.8%; The total profit was 9.6 billion yuan, a year-on-year decrease of 25.8%.

The aluminum production in Yuncheng City from January to February was 68000 tons, a year-on-year increase of 103.6%; The production of electrolytic aluminum reached 71000 tons, a year-on-year decrease of 1.0%; The production of alumina reached 343000 tons, a year-on-year decrease of 2.2%. (China Yuncheng Municipal People's Government Website)

As of March 22nd, Jinxiangyu Group Aluminum Company has achieved a production of 20005 tons of aluminum plates and strips, with product sales exceeding 19700 tons, both exceeding the planned targets and achieving a "good start" for the first quarter. More than 10500 tons of cast and rolled strip have been completed, exceeding the plan by nearly 1200 tons; Approximately 900 tons of cold-rolled strip have been completed, exceeding the plan by nearly 650 tons. The sales of cast and rolled products are over 10300 tons, and the sales of cold-rolled products are 9450 tons.

【 US Stock Closing 】 All three major US stock indexes closed slightly lower, with the Nasdaq down 0.42%, the S&P 500 index down 0.28%, and the Dow down 0.08%.

LME copper closed down $11 at $8862 per ton.
LME aluminum closed down $22, a decrease of over 0.94%, at $2304 per ton.
LME zinc closed down $54, or more than 2.16%, at $2442 per ton.
LME lead closed down $14 at $2020 per ton.
LME nickel futures closed down $297 at $16640 per ton.
LME futures tin closed down $134 at $27446 per ton.