Base metals prices on the Shanghai Futures Exchange (SHFE) rose on Monday as China promised to promote high-quality development for the copper, aluminium and gold industries and implement plans to stabilise growth of the non-ferrous metals industry.

China will also take measures to bolster consumption of major products and expand demand from emerging consumer markets, Tao Qing, the spokesperson of China's Ministry of Industry and Information Technology said on 18 July.

The country will also increase supply of deep-processing materials and promote technological innovations of new materials made of non-ferrous metals, as well as low-carbon processes, through building a number of green mines, green smelters and green industrial parks.

China's total production of the 10 main non-ferrous metals, which are copper, aluminium, lead, zinc, nickel, tin, magnesium, titanium, antimony and silicon, reached 40.32mn t in the first half of 2025, up by 2.9pc from the same period in 2024.

The SHFE's most-traded August copper contract rose by 1.7pc to 79,700 yuan/t ($11,107/t), and the August nickel contract edged up by 1.7pc to Yn122,550/t. The August lead contract increased by 0.8pc to Yn16,960/t, and the August tin contract rose by 1pc to Yn267,250/t.

The most-traded September aluminium contract increased by 1.6pc to Yn20,840/t, and the September zinc contract rose by 2.8pc to Yn22,925/t.

The Shanghai Stock Exchange (SSE) Composite Index closed 0.7pc higher from 18 July to 3,559.79. The Hong Kong Heng Seng Index (HSI) rose by 0.6pc to 24,981.15 over the same period as of 3:07pm Shanghai time.