Saving a modified material as new

Hi everyone, first post here so here goes…
Is there a way to select a material asset (e.g. white paint) modify its base colour or any other spec (e.g. make it grey) and then save this material as a separate material?
I tried saving to local, but all it does is save the original “white paint” material unmodified.
Is there something I am missing?

Hi friend,
normally saving to local should save the modified parameters of materials. After seeing your post we did some tests and the result is normal as well.
Please try again, if the problem persists, feel free to tell us.
By the way, the thumbnail is still the same as the original material, but you can apply it to see its real parameters. (It should keep the modified value).

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Thanks so much. You are correct, modified material is saved to local with new settings, but thumbnail remains like the original material before modified parameters.