Shanghai Futures Exchange (ShFE) copper built on overnight gains to hit its maximum daily permitted limit of 6 percent to 43,910 yuan ($6,479) a tonne on Thursday on expectations that policies under US President-elect Donald Trump could spur infrastructure spending. Shanghai aluminium climbed by a limit-up 4 percent, while ShFE nickel also struck 6 percent upside limit. Shanghai zinc and lead advanced more than 3 percent.
"The markets are now looking at Trump's policies and seeing more growth there around infrastructure, and in general," said analyst Lachlan Shaw of UBS in Melbourne. The Shanghai Futures Exchange warned investors to be prudent and rational, given the wild price swings and raised its transaction fees for rebar and tin futures trades from November 11.