TREE NEWS reports: International copper fell 1.41% in overnight trading, with Shanghai copper down 1.29% and Shanghai aluminum sliding 2.74%, the steepest decline among the main base metals. Shanghai zinc lost 0.44%, lead 0.72%, nickel 1.29% and tin 0.29%. Alumina dropped 1.17%, aluminum alloy 3.3% and stainless steel 0.54%.
Copper, Aluminum Lead Base Metals Lower in Overnight Trading
The breadth of the overnight decline matters more than copper's 1.41% move: every major base metal on the Shanghai board fell, and aluminum's supply chain — alumina, aluminum alloy and the metal itself — accounted for the three steepest drops. That pattern points to a sector-wide repricing rather than a single-metal story, and it lands hardest on industrial consumers whose input costs track these contracts. Whether the aluminum complex keeps underperforming the rest of the complex, or converges back toward copper and zinc, is the open question worth watching.
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