Base Metals Data Points is an easy-to-use reference tool published monthly
and aiming to provide a snapshot of some key indicators of the condition of
the major base metals markets.

We have selected various data points that we believe should have the most
relevance to investors tracking the sector's outlook. We will continue to
review the data series and look to include additional relevant data series.
Suggestions are always welcome.

Table Of Contents
Monthly Commentary ....................................................... 3
Economic Update.................................................................... 3
Aluminum Update ..................................................................... 3
Copper Update ................................................................................ 3
Nickel Update.................................................................... 4
Zinc Update .............................................................................. 4
Equity And Commodity Market Performance Summary .................... 5
Global Equity Market Update ...................................................... 8
Economic Indicators ................................................................... 9
Aluminum Market Update.....................................................................13
Copper Market Update.................................................................17
Nickel Market Update ..............................................................21
Zinc Market Update......................................................................25
Other Metals Market Update.........................................................29

Table Of Exhibits
Exhibit 1. Market Index Performance ............................................ 5
Exhibit 2. Commodity Market Performance .......................................... 5
Exhibit 3. Metal Company Performance ......................................... 6
Exhibit 4. Metal Company Performance (Continue) .................. 7
Exhibit 5. World Major Stock Markets Indexes And Mining Sub-Indexes...... 8
Exhibit 6. Broad Economic Indicators ........................................... 9
Exhibit 7. U.S. Economic Indicators ........................................10
Exhibit 8. Europe And Japan Economic Indicators ...............................11
Exhibit 9. Chinese Economic Indicators ..................................12
Exhibit 10. Aluminum – Prices.....................................................13
Exhibit 11. Aluminum – Inventory ...................................................14
Exhibit 12. Aluminum – Other Indicators ......................................15
Exhibit 13. Aluminum – Supply/Demand .....................................16
Exhibit 14. Copper – Prices............................................................17
Exhibit 15. Copper – Inventory .....................................................18
Exhibit 16. Copper – Other Indicators ..............................................19
Exhibit 17. Copper – Other Indicators ..............................................20
Exhibit 18. Nickel – Prices ...................................................................21
Exhibit 19. Nickel – Inventory............................................................22
Exhibit 20. Nickel – Other Indicators..................................................23
Exhibit 21. Nickel – Other Indicators...........................................24
Exhibit 22. Zinc – Prices...............................................................25
Exhibit 23. Zinc – Inventory ...........................................................26
Exhibit 24. Zinc – Other Indicators ...............................................27
Exhibit 25. Zinc – Other Indicators ........................................................28
Exhibit 26. Other Metals – Prices......................................................29