London metals are on the rise across the board.

Frequent downward revisions in U.S. non-farm employment numbers and a rising unemployment rate have shaken market confidence, increasing the probability of a Federal Reserve rate cut in September. The tight situation in Indonesia's nickel mines remains unresolved, with high mineral prices persisting. 

In the new energy sector, nickel sulfate supply and demand are both weak, leading to expectations of significant short-term volatility in nickel prices, in line with the broader base metals sector.