Copper Drops in London, Shanghai on Speculation Rally Overdone

Dec. 22 (Bloomberg) --Copper in London declined for the first time in four days as some investors sold the metal to lock in gains after it climbed to an all-time high yesterday. The metal fell from a record in New York.
Copper for three-month delivery on the London Metal Exchange fell as much as 0.3 percent to $9,340 a metric ton by 9:56 a.m. Singapore time, after rising as much as 0.3 percent earlier.
Futures on the Comex in New York reached a record $4.2965 a pound in early Asian trading, before trading 0.3 percent lower at $4.2650 a pound.
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