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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
nt stocks are down 6.41% to 26.6 kMT. LME Copper s=ocks are flat 140.7 kMT. LME Nickel stocks are up 0.03% to 304.6 kMT. Copper Vols are up —0.84%, Ali Vols down - 0.19% in =he front, Nickel Vols are up around 0.35%, Lead and Zinc Vols unch Upcoming Data 22/12-US Existing Home Sales- Survey 5.2m, Prior
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
nt stocks are down 6.41% to 26.6 kMT. LME Copper s=ocks are flat 140.7 kMT. LME Nickel stocks are up 0.03% to 304.6 kMT. Copper Vols are up -0.84%, Ali Vols down - 0.19% in =he front, Nickel Vols are up around 0.35%, Lead and Zinc Vols unch 2 EFTA_R1_01782636 EFTA02597221 Upcoming Data 22/12-US Exi
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
t stocks are down 6.41% to 26.6 kMT. LME Copper s=ocks are flat 140.7 kMT. LME Nickel stocks are up 0.03% to 304.6 kMT. Copper Vols are up - 0.84%, Ali Vols down - 0.19% in =he front, Nickel Vols are up around 0.35%, Lead and Zinc Vols unch Upcoming Data 22/12-US Existing Home Sales- Survey 5.2m, Prior
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
nt stocks are down 6.41% to 26.6 kMT. LME Copper s=ocks are flat 140.7 kMT. LME Nickel stocks are up 0.03% to 304.6 kMT. Copper Vols are up -0.84%, Ali Vols down - 0.19% in =he front, Nickel Vols are up around 0.35%, Lead and Zinc Vols unch 2 EFTA_R1_01784155 EFTA02598242 Upcoming Data 22/12-US Exi
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
. LME Copper stocks are flat 140.7 kMT. LME Nickel stocks are up 0.03% to 304.6 kMT. 3 EFTA_R1_02151756 EFTA02716187 Copper Vols are up —0.84%, Ali Vols down '-0.19% in the front, Nickel Vols are up around 0.35%, Lead and Zinc Vols unch Upcoming Data 22/12-US Existing Home Sales- Survey 5.2m, Prior
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
ME Copper stocks are down 5% 144.2 kMT. LME Nickel stocks are up 0.27% to 307.5 kMT. ATM Copper Vols are down —0.83% in JAN, up —0.34% in the back, Ali Vols down -0.3% , Nickel vols are down 0.2, Lead and Zinc Vols unch Upcoming Data 15/12- US Empire Manufacturing- Survey 12, Actual -3.58, Prior 10.16
Entities connected to both First Quantum and Ali Vols

Daniel Sabba
PERSONCopper Vols
ORGANIZATIONLME Nickel
ORGANIZATION
Jeffrey Epstein
PERSONLME Copper
ORGANIZATIONNickel Vols
ORGANIZATIONShanghai Aluminium
ORGANIZATIONLME Aluminium
ORGANIZATIONZinc Vols
ORGANIZATION
Chile
LOCATION
Zambia
LOCATION
Shanghai Copper
ORGANIZATIONCodelco
ORGANIZATIONPrateek Jain
PERSONLumwana
ORGANIZATIONVedanta
ORGANIZATIONEOD Commodities
ORGANIZATIONNickel and Aluminium
ORGANIZATIONRichmond Fed Manufacturing
ORGANIZATIONHenan
LOCATION