Beckett Bronze manufactures bronze bearings, bronze bushings, and bronze bars. Custom made cast bronze bearings, bushings, and bars are made from over 50 alloys in our own foundry. Why pay a broker mark up?
BEIJING, March 28 (Reuters) - London copper gave up early gains to trade lower on Wednesday, tracking a decline in equities on a firmer U.S. dollar and as global trade tensions persisted. The dollar index, which gained about 0.3 percent overnight, making metals more expensive for holders of other currencies and weighing on prices, was trading up 0.2 percent by 0722 GMT. Fears of a trade war between the United States and top metals consumer China continued to cast a shadow over the base metals market, even as reports of behind-the-scenes talks between Washington and Beijing spurred some optimism. Base metals are showing less volatility amid thin trade end as the end of the quarter approaches. "Overall it has been a much more sedate session so far today both in terms of absolute volumes and ranges with many traders staying away from the base metal noise for now," broker Marex Spectron said in a note. FUNDAMENTALS * LME COPPER: Three-month copper on the London Metal Exchange (LME) was down 0.6 percent at $6,607 a tonne by 0724 GMT, having risen as much as 0.4 percent earlier in the session. * SHFE COPPER: The most-traded May copper contract on the Shanghai Futures Exchange closed down 0.4 percent at 49,260 yuan ($7,846.45) a tonne. * OTHER METALS: All other base metals were down with the exception of Shanghai lead, which closed up 0.6 percent at 18,645 yuan a tonne. * COPPER: Vedanta Resources Plc said on Tuesday its India unit Vedanta Ltd's copper smelting operations at Thootukudi, in the southern state of Tamil Nadu, will be closed for about 15 days as part of a maintenance shutdown. * ALUMINIUM: China's northern province of Shanxi on Tuesday offered some of the country's biggest aluminium companies preferential access to bauxite resources if they transfer smelting capacity to the region. * ALUMINA: The Alunorte refinery in northern Brazil, owned by Norway's Norsk Hydro ASA, will start shutting down half of its alumina capacity in the next two weeks to preserve equipment, two people familiar with the matter said on Tuesday. For the top stories in metals and other news, click or MARKETS NEWS * Asian shares fell on Wednesday after Wall Street was knocked hard by concerns about tighter controls on the tech industry, denting a brief global equities recovery driven by hopes that the risk of a U.S.-China trade war was easing. PRICES BASE METALS PRICES 0724 GMT Three month LME copper 6607 Most active ShFE copper 49260 Three month LME aluminium 2033.5 Most active ShFE aluminium 13735 Three month LME zinc 3263 Most active ShFE zinc 24805 Three month LME lead 2375 Most active ShFE lead 18640 Three month LME nickel 12965 Most active ShFE nickel 96600 Three month LME tin 20810 Most active ShFE tin 140570 BASE METALS ARBITRAGE LME/SHFE COPPER LMESHFCUc3 872.13 LME/SHFE ALUMINIUM LMESHFALc3 -1111.44 LME/SHFE ZINC LMESHFZNc3 461.14 LME/SHFE LEAD LMESHFPBc3 342.52 LME/SHFE NICKEL LMESHFNIc3 116.19 ($1 = 6.2780 Chinese yuan renminbi) (Reporting by Tom Daly; Editing by Sherry Jacob-Phillips)
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