Base metals close lower in overnight session; copper, nickel lead declines

The split between falling copper, nickel and tin and marginally firmer aluminum and zinc suggests this is not a broad risk-off move but metal-specific positioning. Stainless steel's steeper decline, alongside weaker nickel, points to the steel raw-material complex carrying the heaviest weight. For RWA and tokenized-commodity watchers, the takeaway is that overnight base-metals pricing remains fragmented rather than directional, with alumina and alloy moves reinforcing that. Whether the copper-nickel weakness extends into the next session, or proves a thin-liquidity blip, is the open question.