METALS-London copper prices edge up on softer U.S. dollar

BEIJING, March 28 (Reuters) - London copper prices ticked upward for a second day on Wednesday as the U.S. dollar, which had gained about 0.3 percent overnight, lost ground on lingering global trade tensions. A weaker greenback makes metals cheaper for holders of other currencies and can support prices.

FUNDAMENTALS

* LME COPPER: Three-month copper on the London Metal Exchange (LME) was up 0.2 percent at $6,665 a tonne by 0219 GMT, extending a 0.7 percent gain in the previous session.

* SHFE COPPER: The most-traded May copper contract on the Shanghai Futures Exchange gained 0.3 percent to 49,590 yuan ($7,898.01) a tonne.

* OTHER METALS: The entire Shanghai base metals complex moved forward as the dollar index slipped by 0.1 percent to 89.29, while aluminium was flat in London and LME lead shed 0.3 percent.

* 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.

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MARKETS NEWS

* Asian shares pulled back on Wednesday as Wall Street was knocked hard on concerns about tighter regulations on the tech industry, denting a brief global equities recovery driven by hopes of easing fears of a trade war between China and the United States.

PRICES

BASE METALS PRICES 0223 GMT Three month LME copper 6663 Most active ShFE copper 49580 Three month LME aluminium 2044 Most active ShFE aluminium 13820 Three month LME zinc 3289.5 Most active ShFE zinc 24955 Three month LME lead 2399 Most active ShFE lead 18695 Three month LME nickel 13020 Most active ShFE nickel 97360 Three month LME tin 20830 Most active ShFE tin 141240

BASE METALS ARBITRAGE

LME/SHFE COPPER LMESHFCUc3 881.45 LME/SHFE ALUMINIUM LMESHFALc3 -1083.77 LME/SHFE ZINC LMESHFZNc3 440.02 LME/SHFE LEAD LMESHFPBc3 297.48 LME/SHFE NICKEL LMESHFNIc3 123.7

($1 = 6.2788 Chinese yuan)

(Reporting by Tom Daly, Editing by Sherry Jacob-Phillips)