• The London Metal Exchange (LME) copper, zinc futures and nickel futures closed lower on Friday evening composite trading, and were pressured by high oil prices. Meir analyst Meir said, "High energy prices are putting pressure on metal prices. On the price of crude oil, it seems unlikely that metal prices will strengthen." One LME trader said, "The market is quite flat and real impact." "The factor is the price of oil." The analysts said that high oil prices will lead to a decline in manufacturing and other economic indicators for the first two weeks of November, which will drag down metal market sentiment. He said, "After the economic data is released in November, the market may have an unexpected trend." "The market will not collapse, but it will fall to a critical level of support. Copper may fall to $2,550, and aluminum may fall to 1,680." Three-month copper closed at 2,804 US dollars per tonne, lower than yesterday's 2,825. A trader said, "Cold copper triggered some stop orders around $2,800, but the market stabilized at the 100-day moving average of 2,780, confirming the bottom of the range." Investors have already been working on Atlantic Copper's smelter workers in Spain. The cancellation of the 17-day strike was ignored. Another trader said, "The stoppage of the refinery did not have a big impact on the market. We have already become accustomed to these supply side problems." The support under 2,800 has increased and the selling pressure has been heavy above 2,840/2,850. Three-month aluminum regained earlier losses, which was 1 US dollar higher than the final settlement, and it was quoted at US$1,750. Three-month nickel fell by US$100 to US$13,200; three-month zinc fell by US$13 to 1,038. Three-month bullion prices rose 8 US dollars to 860; three-month tin closed at 75 US dollars to 8,850.