Copper Rises 0.6% in Night Session; Aluminum, Zinc, Lead Gain, Nickel Slips

The breadth of the gains matters more than copper's modest move: nearly every base metal on the Shanghai board advanced in the same session, with lead and alumina leading, which points to a broad risk-on tone in industrial metals rather than a single-contract story. Nickel's small decline and stainless steel's dip suggest the stainless chain is lagging the rest of the complex. Whether that divergence persists, and whether the alumina strength carries into the aluminum complex, is the open question worth watching.