Copper drops from record highs amid profit-taking

Copper prices declined on Wednesday after reaching record levels near $14,833 per ton, due to the rise of the dollar and investors taking profits. Despite strong demand in China, which has supported prices since the beginning of the year and led to concentrated inventories outside the United States, the market showed buyers willing to pay a premium to secure the metal more quickly amid concerns over external supply shortages. Meanwhile, prices maintained their varied trend in line with movements in other metals.

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