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1.17 mMT. Lead has rallied =n the news that smelters in Henan are cutting output by up to 30%, causing the global lead surplus to fall to 7451 kMT Shanghai Aluminium on warrant stocks are down 6.55%=0 69.8 kMT. LME Aluminium on warrant stocks are down 2.47%% to 1957.7 kMT.=Shanghai Copper on warrant stocks are do
oving from a value added tax regime to a royalty model which h=s been cited as the cause for the closure of the 117 kMT/yr Lumwana copper=mine, with First Quantum and Vedanta expected to follow suit. Chile's Codelco have approved a $3.3bn =nvestment to transform the Chuquicamata mine into an underground operat
mMT. Lead has rallied =n the news that smelters in Henan are cutting output by up to 30%, causing the global lead surplus to fall to 7451 kMT <=> Shanghai Aluminium on warrant stocks are down 6.55%=0 69.8 kMT. LME Aluminium on warrant stocks are down 2.47%% to 1957.7 kMT.=Shanghai Copper on warrant stocks are do
oving from a value added tax regime to a royalty model which h=s been cited as the cause for the closure of the 117 kMT/yr Lumwana copper=mine, with First Quantum and Vedanta expected to follow suit. Chile's Codelco have approved a $3.3bn =nvestment to transform the Chuquicamata mine into an underground operat
1.17 mMT. Lead has rallied =n the news that smelters in Henan are cutting output by up to 30%, causing the global lead surplus to fall to 7451 kMT Shanghai Aluminium on warrant stocks are down 6.55%=0 69.8 kMT. LME Aluminium on warrant stocks are down 2.47%% to 1957.7 kMT.=Shanghai Copper on warrant stocks are do
oving from a value added tax regime to a royalty model which h=s been cited as the cause for the closure of the 117 kMT/yr Lumwana copper=mine, with First Quantum and Vedanta expected to follow suit. Chile's Codelco have approved a $3.3bn =nvestment to transform the Chuquicamata mine into an underground operat
mMT. Lead has rallied =n the news that smelters in Henan are cutting output by up to 30%, causing the global lead surplus to fall to 7451 kMT <=> Shanghai Aluminium on warrant stocks are down 6.55%=0 69.8 kMT. LME Aluminium on warrant stocks are down 2.47%% to 1957.7 kMT.=Shanghai Copper on warrant stocks are do
oving from a value added tax regime to a royalty model which h=s been cited as the cause for the closure of the 117 kMT/yr Lumwana copper=mine, with First Quantum and Vedanta expected to follow suit. Chile's Codelco have approved a $3.3bn =nvestment to transform the Chuquicamata mine into an underground operat
1.17 mMT. Lead has rallied on the news that smelters in Henan are cutting output by up to 30%, causing the global lead surplus to fall to 7451 kMT Shanghai Aluminium on warrant stocks are down 6.55% to 69.8 kMT. LME Aluminium on warrant stocks are down 2.47%% to 1957.7 kMT. Shanghai Copper on warrant stocks are d
ving from a value added tax regime to a royalty model which has been cited as the cause for the closure of the 117 kMT/yr Lumwana copper mine, with First Quantum and Vedanta expected to follow suit. Chile's Codelco have approved a $3.3bn investment to transform the Chuquica=ata mine into an underground operat
of the base complex in the afternoon. Aluminium, Zinc and Lead prices followed the base complex, starting off higher before losing ground at 16:00. Shanghai Aluminium on warrant stocks are up 16.27% to 78.7 kMT. LME Aluminium on warrant stocks are flat at 2016kMT. Shanghai Copper on warrant stocks are up 18.57% to
demand on it's own, Escondida in Chile could produce 1mnMT/year —5% of world output. Nickel prices reached highs of $16860 this morning on news that First Quantum shut it's 38 kMT Ravensthorpe plant in Australia after a sulphuric acid spill and concerns that typhoon season in the Phillipines will lead to short
Entities connected to both Shanghai Aluminium and First Quantum
LME Aluminium
ORGANIZATIONAli Vols
PERSON
Daniel Sabba
PERSON
Jeffrey Epstein
PERSONLME Nickel
ORGANIZATIONCopper Vols
ORGANIZATIONNickel Vols
ORGANIZATION
Chile
LOCATIONLME Copper
ORGANIZATIONPrateek Jain
PERSON
Zambia
LOCATION
Shanghai Copper
ORGANIZATIONRichmond Fed Manufacturing
ORGANIZATIONVedanta
ORGANIZATIONHenan
LOCATIONCodelco
ORGANIZATIONWilliston
LOCATIONLumwana
ORGANIZATIONEOD Commodities
ORGANIZATIONNickel and Aluminium
ORGANIZATION