Date: February 27, 2015 Title: METALS INDUSTRY – – FRASER INSTITUTE TAGS TWELVE LESS RISKY NATIONS; BRAZIL SEEKS $1.5 BILLION FROM SIX PETROBRAS SUPPLIERS

Date: March 1, 2015 Title: SPOT MARKETS – – “SPRING RALLIES” ABSENT IN STEEL, PAPER, WOOD WHILE BASE METALS ARE “LATE;” INVENTORY DECLINES SLOW; CHINA SELLS STOCKPILES, EXPORTS MORE AND CANCELS EXPORT TAXES

Date: March 6, 2015 Title: SILVER WHEATON ADDITIONAL 25% OF SALOBO’S GOLD PRODUCTION HAS SMALL IMPACT ON SLW’S NPV/SHARE; LOWER GOLD AND SILVER PRICE ESTIMATES

Date: March 9, 2015 Title: CENTURY ALUMINUM – – ALUMINUM PRICES FALL WITH HIGH CHINESE EXPORTS; ALCOA STUDIES SALE OR SHUTDOWN OF 0.5 MMT SMELTING;

Date: March 16, 2015 Title: COPPER INDUSTRY – – MINE INVESTMENT TO PLUNGE AS SEVERAL COMPANIES BREACH COVENANTS OR SUFFER RATING DOWNGRADES

Date: March 23, 2015 Title: METALS – – CHINA RAISES OUTPUT IN 2015 WITHOUT ENOUGH DEMAND

Date: March 24, 2015 Title: STEEL INDUSTRY – – SPOT DYNAMICS CLOSER TO CYCLICAL LOWS, BUT UPSIDE RECOVERY EXPECTATIONS COULD BE TOO OPTIMISTIC

Date: March 24, 2015 Title: ALCOA ACQUIRES TITANIUM SUPPLIER, STUDIES ASSET EXITS AND CHINA RAISES SMELTER OUTPUT 19.9% YTD CAUSING MARKET OVERSUPPLY