The London Metal Exchange has issued a statement saying that it has detected a technical issue causing abnormal stagnation in metal contract prices.

The exchange's technical team is urgently investigating the system malfunction and has pledged to restore the normal price update mechanism as soon as possible. As the world's most important base metals trading platform, this abnormal price display may have a short-term impact on futures contract trading. The exchange stated it will provide real-time updates to the market on the progress of the resolution to ensure trading transparency.