Industrial metals prices rose on Monday as optimism of an economic recovery coupled with a rally in global equities fueled strong investment demand for the industrial metals.

Lead gained as much as 8.7 percent on LME on the news of shut down of Chinese lead smelters following lead poisoning among Chinese children.

Recovering copper prices could mean trouble for mining companies in top producer Chile as they head into contract talks with workers eager to reap the benefits of the red metal's upswing.

China's Henan province has shut down 240,000 tonnes of annual lead smelting capacity on reports of lead poisoning.

China's refined copper imports fell by 23 percent and primary aluminium by 51 percent in July, as a higher global price and seasonal lull in manufacturing put the brakes on the record imports of the first half.

China's apparent demand for refined copper fell by 10 percent in July from June after imports dipped 23 percent from a record, Reuters calculations based on official data showed on Monday.

Base metals are likely to trade down during the day except lead which may trade firm due to supply concerns. Whereas in other industrial metals, we expect bout of profit taking in today’s trading session.