LME base metals fell across the board, with LME copper hovering near a two-week low.

On Monday, March 31, base metals on the London Metal Exchange (LME) fell across the board, with LME copper dropping to a two-week low due to concerns over the impact of global trade conflicts.

At 16:24 Beijing time, the LME benchmark three-month copper futures fell 0.69% to $9,726.5 per mt. Earlier, copper prices hit $9,715, the lowest level since March 13.

A base metal trader said, "The high uncertainty of US tariff policies has made investors worried. If tariffs on copper are imposed in advance, some arbitrage traders may face losses because their goods cannot arrive in the US before the tariffs take effect."

On the Shanghai Futures Exchange, tin futures bucked the trend, rising 0.4% to 282,350 yuan, as investors worried that the earthquake in Myanmar could disrupt tin supply.

Other LME metals: three-month aluminum fell 0.10% to $2,545 per mt; three-month lead fell 0.22% to $2,021 per mt; three-month zinc fell 0.75% to $2,835.5 per mt; three-month tin fell 1.38% to $35,720 per mt; three-month nickel fell 1.80% to $16,085 per mt.

SHFE copper fell 0.9% to 79,950 yuan per mt, SHFE aluminum fell 0.6% to 20,480 yuan per mt, SHFE zinc fell 1.6% to 23,455 yuan per mt, SHFE lead fell 0.3% to 17,445 yuan per mt, and SHFE nickel fell 1.3% to 129,220 yuan per mt.