Monday (March 30) international copper prices rebounded, partially recovered last Friday recorded a decline of nearly 2%. Ni on Monday hit the lowest in nearly six years, due to concerns about weak demand and inventory record.

On the contrary, LME copper recovered some of its losses on Friday, ending up 0.5% at $ 6,082 a tonne, although the biggest consumer, China, has been curbed by recent price increases,

"Said Joel Crane, an analyst at Morgan Stanley in Melbourne. "Before we see signs of a sustained rebound in industrial activity in China, we do not see the possibility of copper going up."

LME nickel for the three-month period closed down 3.1 percent at $ 12,880 a tonne, continuing the steep decline of 2.9 percent last week. Nickel fell as low as $ 12,795 since May 2009.

LME announced today that it has withdrawn its offer to cease the issuance of nickel-registered warehouse receipts in Malaysia after the government confirmed that the new tax reform would not affect the metals stored in the country.

Investors have been worried that Malaysia's new tax system may force large amounts of nickel out of Malaysia's warehouses into the market, but in the LME announced the decision, investors are still bet nickel prices will be lower.

Nickel stocks in warehouses in Malaysia are about 210,000 tonnes, nearly half of LME's total inventories, according to LME's latest inventory report, which is a record 435,480 tonnes.

"All factors point to a very weak market for Nickel, because there is no problem with the supply side and there is no element that contributes to the nickel market," said Robin Bhar, an analyst at BNP Paribas in London.

Industry sources said last week that demand for nickel pig iron in China after the Lunar New Year did not rebound as strongly as expected, with stainless producers likely to cut exports due to tariff barriers.

Data released this week will be released in March China's official manufacturing data. Analysts expect a contraction in manufacturing activity for the third consecutive month, reinforcing the government's efforts to bolster economic growth, according to a survey.

In addition, the key US jobs data will also exacerbate the market when the Fed rate hike debate.

For other metals, aluminum for three months rose 0.9% to close at 1,798 dollars a tonne. Three-month zinc climbed 1.3 percent to $ 2,109 a tonne. Lead in three months ended flat at $ 1,825 a tonne. Three-month tin closed down 0.9 percent at $ 17,050 a tonne.