Nickel jumped by 3.5% to a three-week high of US$12,933 per tonne after LME Week participants voted it as the metal with the most upside.
Copper and zinc each gained more than 2%.
Yesterday morning, the International Lead Zinc Study Group released its latest forecasts for 2018 and 2019.
Global demand for refined lead is expected to rise by 0.2% this year and 0.7% next year, while supply is expected to drop by 0.4% this year before jumping by 4.1% next year. The group has revised its 2018 forecast deficit up from 17,000 tonnes to 123,000t, but expects a 50,000t surplus next year.
Zinc demand is forecast to rise by 0.4% this year and 1.1% next year, with supply expected to grow by 2% in 2018 and 6.4% in 2019. A deficit of 322,000t is expected this year, ...