TREE NEWS reports: International copper fell 0.48% in overnight trading, with Shanghai copper down 0.62%, Shanghai aluminum down 0.18%, Shanghai zinc down 1.05% and Shanghai nickel down 1.47%. Shanghai lead was the sole gainer, rising 1.37%, while Shanghai tin slipped 0.31%. Alumina dropped 2.32% and aluminum alloy edged down 0.02%, with stainless steel down 0.25%.
Base metals close lower in overnight session; alumina down 2.32%
The breadth of the overnight decline matters more than any single move: losses across copper, aluminum, zinc, nickel and tin point to a broad risk-off tone in industrial metals rather than an isolated story. Alumina's 2.32% drop stands out as the sharpest move and bears watching given its role as an aluminum input, while lead's lone 1.37% gain suggests the selling was not uniform. Whether lead's relative strength persists or the complex continues to move in lockstep is the open question.
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