Base metals rise and fall alternately, with light trading volume during the Spring Festival holiday.

The Spring Festival holiday is being welcomed in various parts of Asia, with light trading in the markets and fluctuations in base metals seen in the early and middle stages of trading. Copper futures on the London Metal Exchange fell by 0.7% to $12,733 per ton, under pressure from weakening demand and rising prices. Analysts at Rabobank International Group noted that exchange inventories continue to rise, highlighting a cooling in physical demand. Meanwhile, aluminum prices rose by 0.6% to $3,060 per ton, following reports that US President Trump may cancel tariffs on aluminum. These analysts stated, "This news continues to weigh on market sentiment, adding another layer of uncertainty to the broader metal market."