1. COMPANY SNIPPETS.............. 1

2. MAJOR PRODUCTS AND SERVICES..............2

3. MARKET OVERVIEW.............. 3 Gold.............. 3 Table 1: Gold Supply Worldwide (2015) in Tonnes 3 Table 2: Gold Mine Production Worldwide (2015) in Metric Tons of Gold Content.............. 4 Table 3: Gold Production by Country Worldwide (2015) - Percentage Market Share Breakdown by Volume for Australia, Canada, China, Peru, Russia, South Africa, United States, and Others.............. 5

Table 4: Gold Production by Mine Worldwide (2014) - Percentage Share Breakdown by Volume for Grasberg, and Others 6

Table 5: Gold Mine Production by Country Worldwide (2014) - Percentage Market Share Breakdown by Volume for Australia, Canada, China, Indonesia, Peru, Russia, South Africa, USA and Rest of World.............. 7

Table 6: Gold Demand by Segment Worldwide (2014) - Percentage Market Share Breakdown by Volume for Fabrication, and Investment.............. 8

Table 7: Demand for Gold by Category Worldwide (2014) - Percentage Market Share Breakdown for ETFs, Investment (Total Bar & Coin Demand), Jewelry, Official Sector Purchases and Technology.............. 9

Table 8: Consumer Demand for Gold by Region Worldwide (2014) - Percentage Market Share Breakdown for China, Europe (Ex.CIS), India, Middle East, US and Others 10

Table 9: Gold Deposits by Size Worldwide (2014) - Percentage Market Share Breakdown by Volume Sales for <1M, 1-2M, 2-5M, 5-10M, and >10M.............. 11

Table 10: Gold Supply by Segment Worldwide (2014) - Percentage Market Share Breakdown by Value for Mine Production and Recycled Gold..............12

Table 11: Gold Reserves by Country Worldwide (2014) - Percentage Market Share Breakdown by Volume for France, Germany, IMF, Italy, USA and Rest of World 13

Table 12: Gold Consumption by Region Worldwide (2015) - Percentage Market Share Breakdown by Volume for Americas, China, Europe Excluding Commonwealth of Independent States (CIS), India, Middle East, Russia, Turkey, and Others 14 Table 13: Gold Reserves Worldwide (2015) in Metric Tons of Gold Content.............. 15 Table 14: Gold Production in Africa (2014) in Tonnes 16 Table 15: Gold Production by Country in Africa (2015) - Percentage Market Share Breakdown by Volume for Burkina Faso, Côte d'Ivoire, Ghana, and Mali..............17 Table 16: Gold Production in Australia (2014) in Tonnes 18 Table 17: Gold Mine Production by Region in Europe (2015) - Percentage Share Breakdown by Volume for Sweden and Others 19 Copper.............. 20 Table 18: Copper Market by Region Worldwide (2014) - Percentage Market Share Breakdown by Value for Australia, Chile, Indonesia, Iran, Kazakhstan, Mexico, Peru, Poland, Russia, USA, Zambia and Rest of World 20

Table 19: Copper Reserves by Region Worldwide (2014) - Percentage Market Share Breakdown by Volume for Australia, Chile, China, Mexico, Peru, US and Rest of World 21

Table 20: Copper Demand by End-Use Segment Worldwide (2014) - Percentage Market Share Breakdown by Volume for Construction, Consumer Products, Electronic Products, Industrial Machinery, and Transport.............. 22

Table 21: Copper Production by Category Worldwide (2014) - Percentage Market Share Breakdown by Volume for Concentrates, Solvent Extraction and Electro Winning 23

Table 22: Copper Production by Mine Worldwide (2014) - Percentage Share Breakdown by Volume for Escondida, and Others.............. 24

Table 23: Copper Production by Region Worldwide (2014) - Percentage Market Share Breakdown by Volume for Australia, Chile, China, Peru, Russia, USA, Zambia and Rest of World 25

Table 24: Copper Mine Production by Region Worldwide (2014) - Percentage Market Share Breakdown by Volume for Africa, Asia, Central and South America, Eurasia, Europe, Middle East, North America, and Oceania..............26

Table 25: Copper Mine Production by Country Worldwide (2015) - Percentage Share Breakdown by Volume for Australia, Chile, China, Peru, Russia, US, Zambia, and Others 27

Table 26: Copper Mine Production by Category Worldwide (2015) - Percentage Market Share Breakdown by Volume for Concentrates, and Solvent Extraction and Electro-Winning (SX/EW).............. 28

Table 27: Copper Mined by Source Worldwide (2015) - Percentage Market Share Breakdown by Value for Surface, and Underground.............. 29

Table 28: Copper Consumption by End Use Sector Worldwide (2014) - Percentage Market Share Breakdown by Value for Construction, Consumer Products, Electrical Applications, Industrial Machinery and Transportation 30

Table 29: Copper Consumption by Region Worldwide (2014) - Percentage Market Share Breakdown by Value for China, Germany, India, Japan, Russia, South Korea, USA and Rest of World.............. 31

Table 30: Copper Recycling Market by Electric Appliance Worldwide (2014) - Percentage Share Breakdown by Volume for Air Conditioner, Refrigerator, Television and Washing Machine 32

Table 31: Copper Smelter Production by Type Worldwide (2014) - Percentage Market Share Breakdown by Volume for Primary and Secondary.............. 33

Table 32: Copper Market by Category in Africa (2015) - Percentage Market Share Breakdown by Value for Mine, Refinery, and Others..............34

Table 33: Copper Mined by Source in Africa (2015) - Percentage Market Share Breakdown by Value for Surface, and Underground.............. 35

Table 34: Copper Market by Category in America (2015) - Percentage Market Share Breakdown by Value for Mine, Refined Usage, Refinery, and Others..............36

Table 35: Copper Mined by Source in Asia-Pacific (2015) - Percentage Market Share Breakdown by Value for Surface, and Underground.............. 37

Table 36: Copper Market by Category in China (2014) - Percentage Share Breakdown by Value for Mine Production, Concentrate/Scrap Imports, Recycling, Nickel Pig Iron and Refined Imports.............. 38

Table 37: Copper Demand by End-Use Segment in China (2014) - Percentage Market Share Breakdown by Volume for Electric Power, Electronic Information, Light Industry, Machinery Production, Construction, and Others 39

Table 38: Copper Consumption by Category in China (2014) - Percentage Market Share Breakdown by Volume for Building & Construction, Electronics, Household Appliances, Power, Transportation, and Others..............40

Table 39: Copper Market by Category in Europe (2015) - Percentage Market Share Breakdown by Value for Mine, Refined Usage, Refinery, and Others..............41

Table 40: Copper Mined by Source in Europe (2015) - Percentage Market Share Breakdown by Value for Surface, and Underground.............. 42

Table 41: Copper Mined by Source in Latin America (2015) - Percentage Market Share Breakdown by Value for Surface, and Underground.............. 43

Table 42: Copper Market by Category in Oceania (2015) - Percentage Market Share Breakdown by Value for Mine, and Others.............. 44 Nickel.............. 45 Table 43: Mined Nickel Production by Country Worldwide (2015) - Percentage Share Breakdown by Volume for Africa, Australia, Canada, Indonesia, New Caledonia, Philippines, Russia, and Others.............. 45

Table 44: Nickel (Refined) Demand by Region Worldwide (2015) - Percentage Market Share Breakdown by Volume for China, Germany, India, Italy, Japan, South Korea, United States of America, and Others.............. 46

Table 45: Nickel Consumption by Category Worldwide (2015) - Percentage Market Share Breakdown by Volume for Non-Stainless Steel, and Stainless Steel..............47

Table 46: Nickel Consumption by End Use Sector Worldwide (2014) - Percentage Market Share Breakdown by Value for Alloys, Electroplating, Foundry, Special Steels, Stainless Steel and Others.............. 48

Table 47: Nickel Consumption by Region Worldwide (2014) - Percentage Market Share Breakdown by Value for China, Germany, Japan, Korea, USA and Rest of World 49

Table 48: Nickel Consumption by Region Worldwide (2015) - Percentage Share Breakdown by Volume for China, Europe, India, Japan, North America, and Others 50

Table 49: Nickel Consumption by Type Worldwide (2015) - Percentage Market Share Breakdown by Volume for Ferro Nickel (FeNI), Nickel Oxide (NiO), Nickel Pig Iron (NPI), and Refined.............. 51 Table 50: Nickel Consumption Worldwide (2015) in Kilotons 52 Table 51: Nickel Market by End Use Segment Worldwide (2015) - Percentage Share Breakdown by Value for Alloys, Foundry, Plating, Stainless Steel, and Others 53

Table 52: Nickel Market by Region Worldwide (2014) - Percentage Market Share Breakdown by Value for Australia, Brazil, Canada, China, Colombia, Cuba, Dominican Republic, Greece, Indonesia, Macedonia, New Caledonia, Philippines, Russia and Rest of World..............54

Table 53: Nickel Mine Production by Country Worldwide (2014) - Percentage Market Share Breakdown by Volume for Australia, Brazil, Canada, China, Indonesia, New Caledonia, Philippines, Russia, and Others.............. 55 Table 54: Nickel Mine Production Worldwide (2015) in Kt 56 Table 55: Nickel Mine Production Worldwide (2015) in Metric Tons of Nickel Content..............57 Table 56: Nickel Ore Demand by Region Worldwide (2014) - Percentage Market Share Breakdown by Volume for China, Indonesia, Japan, and Others..............58

Table 57: Nickel Production by Category Worldwide (2015) - Percentage Market Share Breakdown by Volume for Nonferrous Alloys, Plating, Stainless Steel, and Others 59

Table 58: Nickel Production by Mine Worldwide (2014) - Percentage Share Breakdown by Volume for Talnakh, and Others 60

Table 59: Nickel Production by Region Worldwide (2014) - Percentage Market Share Breakdown by Volume for Australia, Canada, China, Indonesia, New Caledonia, Philippines, Russia and Rest of World.............. 61

Table 60: Nickel Production by Segment Worldwide (2014) - Percentage Market Share Breakdown by Volume for Laterite, and Sulphide.............. 62

Table 61: Nickel Reserves by Region Worldwide (2015) - Percentage Share Breakdown by Volume for Australia, Brazil, Cuba, Indonesia, New Caledonia, Russia, South Africa, and Others.............. 63 Table 62: Nickel Reserves Worldwide (2015) in Metric Tons of Nickel Content.............. 64 Table 63: Nickel Resources Market by Segment Worldwide (2014) - Percentage Share Breakdown by Volume for Laterite, and Sulphide.............. 65

Table 64: Nickel Usage by Region Worldwide (2014) - Percentage Market Share Breakdown by Volume for China, Europe, USA, and Rest of World..............66 Table 65: Nickel Usage Worldwide (2015) in Kt 67 Table 66: Primary Nickel Usage by Category Worldwide (2014) - Percentage Market Share Breakdown by Volume for Non-Stainless, and Stainless..............68

Table 67: Refined Nickel Consumption by Region Worldwide (2015) - Percentage Market Share Breakdown by Volume for China, EU-27, Japan, USA, and Others 69

Table 68: Refined Nickel Demand by Region Worldwide (2015) - Percentage Share Breakdown by Value for China, Japan, USA and Others.............. 70

Table 69: Refined Nickel Production by Country Worldwide (2015) - Percentage Market Share Breakdown by Volume for Australia, Brazil, Canada, China, Europe, Japan, New Caledonia, Russia, and Others..............71

Table 70: Nickel Market by Category in China (2014) - Percentage Share Breakdown by Value for Mine Production, Concentrate/Scrap Imports, Recycling, Nickel Pig Iron and Refined Imports.............. 72 Platinum Group Metals (PGM)..............73 Table 71: Platinum Group Metals (PGM) Production by Mine Worldwide (2014) - Percentage Share Breakdown by Volume for Rustenburg, and Others..............73

Table 72: Platinum Group Metals (PGM) Reserves by Country Worldwide (2015) - Percentage Share Breakdown by Volume for South Africa, and Others..............74

Table 73: Platinum Group Metals (PGM) Demand by Application in South Africa (2015) - Percentage Share Breakdown by Volume for Autocatalyst, Chemical, Electrical, Jewellery, and Others 75 Palladium.............. 76 Table 74: Palladium Mine Production Worldwide (2015) in 000 Ounces.............. 76 Table 75: Palladium Consumption Worldwide (2015) in Tonnes 77 Table 76: Palladium Demand Worldwide (2015) in 000 Ounces 78 Table 77: Palladium Consumption by Category Worldwide (2015) - Percentage Share Breakdown by Volume for Automotive Industry, Electronic Industry, Healthcare, Jewellery Industry, and Others..............79

Table 78: Palladium Consumption by Region Worldwide (2014) - Percentage Market Share Breakdown by Value for China, Europe, Japan, North America, and Others 80

Table 79: Palladium Consumption by Region Worldwide (2015) - Percentage Share Breakdown by Volume for China, Europe, Japan, North America, and Other Countries 81

Table 80: Palladium Demand by Category Worldwide (2015) - Percentage Share Breakdown by Volume for Autocatalyst, Dental, Electronics, Jewellery, and Others 82

Table 81: Palladium Demand by Region Worldwide (2014) - Percentage Market Share Breakdown by Volume for China, Europe, Japan, North America, and Rest of World 83

Table 82: Palladium End Use Market by Sector Worldwide (2014) - Percentage Breakdown by Value for Automotive, Chemical, Dental, Electric, Investments, Jewels, and Others 84

Table 83: Palladium Market by Application Worldwide (2015) - Percentage Share Breakdown by Volume for Autocatalysts, Chemicals, Dental, Jewellery, and Others 85

Table 84: Palladium Market by Region Worldwide (2014) - Percentage Share Breakdown by Volume for North America, Russia, South Africa, Zimbabwe, and Others 86

Table 85: Palladium Production by Country Worldwide (2015) - Percentage Share Breakdown by Volume for Canada, Russia, South Africa, Zimbabwe, and Others 87

Table 86: Palladium Supply by Region Worldwide (2014) - Percentage Share Breakdown by Volume for North America, Russia, South Africa, and Others 88 Platinum.............. 89 Table 87: Primary Palladium Production Worldwide (2015) in Tonnes.............. 89 Table 88: Platinum Mine Production Worldwide (2015) in 000 Ounces.............. 90 Table 89: Platinum Demand Worldwide (2015) in 000 Ounces 91 Table 90: Platinum Consumption by Region Worldwide (2014) - Percentage Market Share Breakdown by Value for China, Europe, Japan, North America, and Others 92

Table 91: Platinum Demand by Application Worldwide (2015) - Percentage Market Share Breakdown by Volume for Autocatalyst, Chemical, Dental, Electrical, Investment, Jewelry, Medical and Biomedical, Petroleum, and Others 93

Table 92: Platinum Demand by Category Worldwide (2015) - Percentage Share Breakdown by Volume for Autocatalyst, Chemical, Electrical, Jewellery, and Others 94

Table 93: Platinum Demand by Region Worldwide (2014) - Percentage Market Share Breakdown by Volume for China, Europe, Japan, North America, and Rest of World 95

Table 94: Platinum Market by Region Worldwide (2014) - Percentage Share Breakdown by Volume for North America, Russia, South Africa, Zimbabwe, and Others 96

Table 95: Platinum Mine Production by Country Worldwide (2015) - Percentage Share Breakdown by Volume for Canada, Russia, South Africa, Zimbabwe, and Others 97

Table 96: Platinum Production by Region Worldwide (2015) - Percentage Share Breakdown by Volume for North America, Russia, South Africa, and Others 98

Table 97: Platinum Supply by Region Worldwide (2014) - Percentage Share Breakdown by Volume for North America, Russia, South Africa, and Others 99

Table 98: Platinum Supply by Region Worldwide (2015) - Percentage Market Share Breakdown by Volume for Russia, South Africa, Zimbabwe, and Others..............100 Rhodium.............. 101 Table 99: Rhodium Production Worldwide (2015) in Koz 101 Table 100: Rhodium Market by Application Worldwide (2015) - Percentage Share Breakdown by Volume for Autocatalysts, Chemicals, and Others.............. 102

Table 101: Rhodium Market by Region Worldwide (2014) - Percentage Share Breakdown by Volume for North America, Russia, South Africa, Zimbabwe, and Others 103

Table 102: Rhodium Production by Region Worldwide (2015) - Percentage Share Breakdown by Volume for North America, Russia, South Africa, and Others 104 Tin.............. 105 Table 103: Tin Production by Region Worldwide (2014) - Percentage Market Share Breakdown by Volume for Indonesia, China, Bolivia, Brazil, Peru, USA and Rest of World 105

Table 104: Tin Consumption by Region Worldwide (2014) - Percentage Market Share Breakdown by Value for China, Europe, Japan, USA and Rest of World..............106

Table 105: Tin Demand by Usage Worldwide (2015) - Percentage Market Share Breakdown by Value for Chemicals, Solder, Tin Plate, and Others.............. 107 Table 106: Tin Mine Production Worldwide (2015) in Metric Tons of Tin Content.............. 108 Table 107: Tin Reserves Worldwide (2015) in Metric Tons of Tin Content.............. 109 Table 108: Tin Consumption by End Use Sector Worldwide (2014) - Percentage Market Share Breakdown by Value for Chemicals, Solder, Tinplate and Others..............110

Table 109: Tin Reserves by Country Worldwide (2015) - Percentage Share Breakdown by Volume for Australia, Bolivia, Brazil, China, Indonesia, Russia, and Others 111

4. COMPETITIVE LANDSCAPE.............. 112 Copper.............. 112 Table 110: Market Shares of Leading Copper Producers Worldwide (2015) - Percentage Breakdown by Value for Anglo America Plc, BHP Billiton Limited & Plc, CODELCO, Freeport-McMoRan Inc. (FCX), Grupo México, Rio Tinto Group, Southern Copper Corporation (SCCO), XTA Electronics Ltd., and Others.............. 112 Nickel.............. 113 Table 111: Market Shares of Leading Nickel Manufacturers Worldwide (2015) - Percentage Breakdown by Volume for BHP Billiton Ltd., OJSC MMC Norilsk Nickel, Tsingshan Holding Group, Vale S.A., and Others..............113

Table 112: Market Shares of Leading Nickel Processing Companies Worldwide (2015) - Percentage Share Breakdown by Capacity for BHP Billiton, Glencore plc, Jinchuan Group Co., Ltd., OJSC MMC Norilsk Nickel, Vale S.A., and Others 114

Table 113: Market Shares of Leading Nickel Producers Worldwide (2015) - Percentage Breakdown by Volume for BHP Billiton, Eramet, Jinchuan, Pacific Metals, Queensland Nickel, RAO Norilsk, Sumitomo Metal Mining, Union del Niquel, Vale, Xstrata AG, and Others..............115

Table 114: Market Shares of Leading Nickel Pig Iron (NPI) Consumers in China (2014) - Percentage Breakdown by Volume for Baoshan Iron & Steel Co., Ltd., Sichuan Southwest Stainless Steel Co., Ltd., Tsingshan Jinhui Stainless steel Co., Ltd., Wuhang Stainless Steel Products Co., Ltd., Yongtong Special Steel Co., Ltd., Zhangjiagang Pohang Stainless Steel Co., Ltd. and Others 116 Palladium.............. 117 Table 115: Market Shares of Leading Palladium Producers Worldwide (2015) - Percentage Breakdown by Value for Anglo American Platinum Limited, Impala Platinum Holdings Limited, Lonmin Plc, OJSC MMC Norilsk Nickel, Stillwater Mining Co., Vale S.A., and Others.............. 117 Platinum.............. 118 Table 116: Market Shares of Leading Platinum Group Metals (PGM) Producers by Value Sales Worldwide (2014) - Percentage Breakdown for Anglo American Platinum Limited (Amplats), Aquarius Platinum Limited, Impala Platinum Holdings Limited (Implats), Lonmin plc, Norilsk, and Others (Includes ARM Platinum, and Northam Platinum Limited) 118

Table 117: Market Shares of Leading Platinum Mining Companies Worldwide (2015) - Percentage Breakdown by Value for Anglo American Platinum Ltd., Aquarius Platinum Plc, Impala Platinum Holdings Ltd., Lonmin Plc, and Others 119

Table 118: Market Shares of Leading Platinum Producers by Value Sales Worldwide (2014) - Percentage Breakdown for Anglo American Platinum Limited, Impala Platinum Holdings Limited, Lonmin Plc, Norilsk, Pt Aquarius, and Others 120 Tin.............. 121 Table 119: Market Shares of Leading Tin Producers Worldwide (2015) - Percentage Breakdown by Volume for Guangxi China Tin Group Co., Ltd., Malaysia Smelting Corporation, Minsur S.A., PT Timah (Persero) Tbk, Thailand Smelting and Refining Co., Ltd., Yunnan Tin Co., Ltd., and Others 121