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Shanghai zinc futures gained 2 percent on Monday after rising by their 4 percent daily limit in the last session, following a weekend agreement by small- and medium-sized Chinese smelters to cut production by 10 percent.
Shanghai's September contract, the most active on the Shanghai Futures Exchange, rose 315 yuan to 16,120 yuan ($2,360) a tonne at the midday bell, while the LME metal eased $5 to $2,020 by 0333 GMT.
Shanghai September aluminium fell 55 yuan, or 0.3 percent, to 19,695 yuan while LME aluminium retreated $3 to $3,315 after matching an all-time high of $3,380 a tonne on Friday. Three-month lead was up $15 at $1,980. Shanghai copper rose 220 yuan to 63,090 yuan ($9,238) a tonne, while LME copper rose $60 to $8,330.

Copyright Reuters, 2008

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