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t risk and could significantly offset this figure. Nickel, Zinc and Lead prices recovered strongly in the =fternoon but came off towards the close. Shanghai Aluminium on warrant stocks are up 21.62% to 56 kMT.=LME Aluminium on warrant stocks are flat at 1839.8 kMT. Shanghai Copper on=warrant stocks are up 23.08% t
that fundamentally ther could be a bullish story lurking. Cuts in copper mine output for geologica= and technical reasons 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 ba
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
ore strategy of squeezing out high cost producers. Their jointly owned Resolution project in Arizona could meet 25% of US copper 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 kM
f 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
ore strategy of squeezing out high cost producers. Their jointly owned Resolution project in Arizona could meet 25% of US copper 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 its 38 kM
Entities connected to both Shanghai Aluminium and Escondida

Daniel Sabba
PERSONLME Aluminium
ORGANIZATIONAli Vols
PERSONLME Nickel
ORGANIZATION
Jeffrey Epstein
PERSONLME Copper
ORGANIZATION
Shanghai Copper
ORGANIZATION
Chile
LOCATIONMacquarie
ORGANIZATIONZinc Vols
ORGANIZATIONGansu province
LOCATIONPhillipines
LOCATIONShandong
LOCATIONAluminium, Zinc
ORGANIZATIONATM Copper Vols
ORGANIZATIONUS Empire
ORGANIZATIONMarkit Eurozone Composite PMI- Survey
ORGANIZATIONMarkit Eurozone Manufacturing PMI- Survey
ORGANIZATION