and finance ministers have indicated that they may consider temporarily reverting to the old tax reg
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and finance ministers have indicated that they may consider temporarily reverting to the old tax regime or making deals
on amine by mine basis as the IMF applaud their efforts to compromise and encouraged them to implement a
transparent system that applies to all mines. Vietnam is expected to increase its aluminia output by 20% to
650kMT/year as its first plant reaches full capacity this month.
Shanghai Aluminum on warrant stocks are flat at 108.1 kKMT. LME Aluminum on warrant stocks are flat at 1888
kMT Shanghai Copper on warrant stocks are flat at 86.7 KMT. LME Copper stocks are up 0.11% to 252 kMT. LME Nickel
stocks are up 0.41% to 332 kMT.
Copper Vols are down 0.5%, Ali Vols are down 0.25%, Nickel Vols are up 1%, Lead Vols are unch Zinc Vols are unch
Upcoming Data
30/3-Chicago PMI-Surv 51.7%, Actual 46.3%, Prior 45.8%
30/3-US Consumer Confidence Index -Surv 96.4, Actual 101.3, Prior 96.4
Regards,
Prateek
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