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050 EFTA02383477 in the housing market contines to provide serious concerns about demand. Societe Generale put the 2015 su=plus at —380 kMT while Macquarie put it at —98kMT. CitiGroup however=sees prices rising to $7000 by the end of 2015 as mines under perform and =ore copper is imported by China after
warrant stocks are down 0.67% to 1839.8 kMT. Shanghai C=pper on warrant stocks are up 5% to 33.7 kMT. LME Copper stocks are down 0.26% to 163 kMT. LME Nickel stocks are down 0.63% to 324.= kMT. Copper Vols are unch, Ali Vols are up 0.25%, Nickel Vols are =nch, Lead and Zinc Vols unch Upcoming Data 12/1-
ns such as the 150kMT cut at Escondida and the 100 KMT=cut at Kennecott are rasing questions as to whether the global surplus exp=cted in 2015 with Macquarie expecting the market to be balanced. The late arrival of the rainy season in Zambia =nd Democratic Republic of Congo may have a significant impact o
on warrant stocks are flat at 1839.8 kMT. Shanghai Copper on=warrant stocks are up 23.08% to 48.4 kMT. LME Copper stocks are up 2.4% to 170.9 kMT. LME Nickel stocks are down 2.55% to 317.8=kMT. Copper Vols are up 5.28%, Ali Vols are down 0.46%, Nickel Vol= up 6.28%, Lead Vols are up 2.53% Zinc Vols are up
s =urchases from 600-700 kMT in 2014 to - 300 kMT in 2015 as domestic supply c=tches up with demand. Zinc open interest is looking very high leading Macquarie to suggest that prices may be going=down this quarter. Shanghai Aluminium on warrant stocks are down 3.52% =o 46.9 kMT. LME Aluminium on warrant st
on warrant stocks are flat at 1852.2 kMT. Shangh=i Copper on warrant stocks are up 0.97% to 31.1 kMT. LME Copper stocks are=up 0.67% to 155.1 kMT. LME Nickel stocks are down 1.21% to 324.4 kMT. Copper Vols are up 0.28% in the front, Ali Vols unch= Nickel Vols are unch in the front, up 0.27% in the back, L
Entities connected to both Macquarie and LME Nickel

Daniel Sabba
PERSON
Jeffrey Epstein
PERSONAli Vols
PERSONCopper Vols
ORGANIZATIONLME Copper
ORGANIZATION
Barack Obama
PERSONShanghai Aluminium
ORGANIZATIONLME Aluminium
ORGANIZATION
Shanghai Copper
ORGANIZATIONVahe Stepanian
PERSONPrateek
PERSONEscondida
ORGANIZATION
Marc Rich
PERSON