On July 29, the London Metal Exchange (LME)'s nickel price strongly surged by 9.40% to US$23,800/ton, and copper price also hiked by 2.40% to US$7,925/ton, with all metals increased, restraining the market's pessimism atmosphere.

At the same time, zinc futures rose by as much as 3.95% to US$3,302/ton.

According to the report from China Securities Journal, the spokesman of the China Nonferrous Metals Industry Association said the non-ferrous metal industry will continue to perform stably in the second half of this year.