TRACK RECORD OCTOBER 2017

MetalMiner Buying Outlook Track Record

research@metalminer.com Tel. 773.525.97502

Track Record

One of the most common questions we field here at MetalMiner is this one: “Can we see your track record?”

We’re proud to show off our track record! We know that current MetalMiner Monthly Outlook subscribers together saved tens if not hundreds of thousands of dollars by following MetalMiner’s industrial buying strategies.2017 has revealed many market developments, some anticipated and some not. By constantly monitoring markets and reacting to present information (instead of trying to predict outcomes) MetalMiner successfully identified good opportunities for our monthly subscribers to hedge those metals that significantly rose in price this year.

This reminds us that for purchasing organizations, forecasting the future (an impossible task) is not as important as knowing how to react. The charts below depict where and when MetalMiner recommended hedging/buying forward throughout the year, indicated on each graph by red arrows.

SEP-17

MetalMiner IndX(SM) HRC: September, 2017

SEP-15OCT-1

5NOV-

15DEC-15JA

N-16FE

B-16MAR-16APR-16MAY-1

6JU

N-16JU

L-16

AUG-16SEP-16OCT-1

6

DCE-16JA

N-17FE

B-17MAR-17APR-17MAY-1

7JU

N-17JU

L-17

AUG-17

NOV-16

300

400

500

600

700HRC US ($/st)

MetalMiner IndX(SM) HDG: September, 2017

HDG US ($/st)

SEP-17

SEP-15OCT-1

5NOV-

15DEC-15JA

N-16FE

B-16MAR-16APR-16MAY-1

6JU

N-16JU

L-16

AUG-16SEP-16OCT-1

6

DCE-16JA

N-17FE

B-17MAR-17APR-17MAY-1

7JU

N-17JU

L-17

AUG-17

NOV-16

450

550

650

750

850

950

MetalMiner IndX(SM) CRC: September, 2017

CRC US ($/st)

SEP-17

SEP-15OCT-1

5NOV-

15DEC-15JA

N-16FE

B-16MAR-16APR-16MAY-1

6JU

N-16JU

L-16

AUG-16SEP-16OCT-1

6

DCE-16JA

N-17FE

B-17MAR-17APR-17MAY-1

7JU

N-17JU

L-17

AUG-17

NOV-16

450

550

650

750

850

950

MetalMiner IndX(SM) PLATE: September, 2017

PLATE US ($/st)

SEP-17

SEP-15OCT-1

5NOV-

15DEC-15JA

N-16FE

B-16MAR-16APR-16MAY-1

6JU

N-16JU

L-16

AUG-16SEP-16OCT-1

6

DCE-16JA

N-17FE

B-17MAR-17APR-17MAY-1

7JU

N-17JU

L-17

AUG-17

NOV-16

400

500

600

700

800

900

Ferrous Metals: HRC, CRC, HDG, Plate

research@metalminer.com Tel. 773.525.97503

Track Record

SEP FEB MAR APR2017 JUN JUL AUG SEPOCT NOV DEC

1584

1628

1672

1716

1760

1804

1848

1892

1936

2024

1980

2068

2112

2156

MAY

2128

LME Aluminum: September, 2017

SEP FEB MAR APR2017 JUN JUL AUG SEPOCT NOV DEC2002

2093

2184

2275

2366

2457

2548

2639

2730

2821

2912

3003

3094

3185

MAY

3159

LME Zinc: September, 2017

SEP FEB MAR APR2017 JUN JUL AUG SEPOCT NOV DEC

4752

4928

5104

5280

5456

5632

5808

5984

6160

6336

6512

6688

6864

7040

MAY

6815

LME Copper: September, 2017

JUL AUG SEP OCT NOV DEC FEB MAR APR MAY JUN JUL AUG SEP2017

10435

8778

9044

9310

9576

9842

10118

10374

1054010906

11172

11438

11704

11970

12235

LME Nickel: September, 2017

SEP FEB MAR APR2017 JUN JUL AUG SEPOCT NOV DEC

1700

1768

1836

1904

1972

2040

2108

2176

2244

2312

2380

2448

2516

2584

MAY

2400

LME Lead: September, 2017

Non-Ferrous Metals: Aluminum, Copper, Nickel, Zinc, Lead

research@metalminer.com Tel. 773.525.97504

Achieving Actual Savings

How Does the Monthly Outlook Translate Into Actual Savings?Below are a few examples of how the MetalMiner Monthly Outlooks create hard-dollar savings:

ALUMINUM

On August 8th, 2017 MetalMiner sent a subscriber alert suggesting that companies buy forward (or hedge; buy 9 months of volume) aluminum because prices would soon rise. If the subscriber locked in prices on August 8th rather than buying just over one month later, that subscriber would see the following savings:

CRC

In the CRC portion of the December 1, 2016 outlook, MetalMiner advised, “buying organizations may wish to lock in known demand for 2017 at current price levels”. The chart below demonstrates the price on December 1st compared to the average prices for the first two quarters of 2017.

STAINLESS STEEL

In the November 2016 monthly outlook, MetalMiner advised subscribers to lock in nickel prices, stating: “…nickel buyers might want to buy some volume (3 months’ worth of demand) near support levels. Buying organizations will have another opportunity window to buy larger volumes (+6 months’ worth of demand) if prices manage to break above resistance levels at $11,000/mt”. The price of nickel broke that resistance level on November 7th, signaling subscribers to lock in prices for 6 months. For buyers of 304 stainless steel, nickel represents a large portion of the price paid for stainless steel. The chart below demonstrates the price paid on a November surcharge of 304 stainless compared to the average surcharge price of 304 stainless between January and June 2017. The savings in the “Total Monthly Savings” column on the far right demonstrates an average monthly cost savings.

Total Volume (lbs)

5,000,000

1,000,000

160,000

8/8/2017 Price ($/lb)

$0.9163

$0.9163

$0.9163

MonthlyVolume (lbs)

416,667

83,333

160,000

9/27/2017 Price ($/lb)

$0.9684

$0.9684

$0.9684

8/8/2017 Price ($/MT)

$2,020

$2,020

$2,020

Per Pound Savings ($/lb)

$0.0522

$0.0522

$0.0522

9/27/2017 Price ($/MT)

$2,135

$2,135

$2,135

Total Savings ($/Month)

$21,750.02

$4,349.98

$695.98

Total Volume (lbs)

20,000,000

3,000,000

1,000,000

Total Volume (lbs)

5,000,000

1,000,000

250,000

12/1/16 Price ($/lb)

$0.3555

$0.3555

$0.3555

MonthlyVolume (lbs)

1,666,667

250,000

83,333

MonthlyVolume (lbs)

416,667

83,333

20,833

Avg Jan-Jun ‘17Price ($/lb)

$0.4095

$0.4095

$0.4095

12/1/16 Price($/st)

$711

$711

$711

Nov locked Surcharge($/st)

$0.4418

$0.4418

$0.4418

Savings ($/lb)

$0.0540

$0.0540

$0.0540

Savings ($/lb)

$0.1462

$0.1462

$0.1462

Avg Jan-Jun ‘17Price ($/st)

$819

$819

$819

Avg SurchargeJan-Jun ‘17 ($/lb)

$0.588

$0.588

$0.588

Total Savings ($/Month)

$90,000.02

$13,500.00

$4,499.98

Total Savings ($/Month)

$60,916.72

$12,183.28

$3,045.78

research@metalminer.com Tel. 773.525.97505

MetalMiner™ Metal Price Forecasting: Monthly Metal Buying Outlook

Each Month You Will Receive:

• Updated industrial buying strategies tailored for the US manufacturer including both monthly and annual buying strategies

• Price forecasts for aluminum, copper, nickel, lead, zinc, tin and several steel forms – HRC, CRC, HDG and plate

• Specific support and resistance numbers for each of the metals covered

• Expert commentary with graphs identifying the factors driving price

• Insights drawn from our extensive list of industry contacts

• Proprietary research and analysis of prices paid and quoted

• More questions? Contact us: research@metalminer.com, (773)525-9750

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