Base metals futures gave up some of the gains made in the past two days of heavy buying by investment funds.
Copper in particular edged lower but would be supported by tight supply after a period of disruption in Chile, the world's biggest source of the metal.
"Copper had its move a couple of days ago. All the volume was on aluminium this morning," one London Metal Exchange floor trader said.
"The tone in copper is still bullish, though. We think there might be a bit more fund buying to come."
At midday three-months copper traded at $7,961 a tonne, down $79 from Wednesday's close and off an earlier peak of $8,110 per tonne.
"There isn't a lot of copper around and that's why the price keeps going up," another trader said.
Aluminium was $32 higher at $2,663.
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