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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA00465778: Intelligence and Pence (DS9)

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This document contains market intelligence from S&P Global regarding Glencore's production increases between 2011 and 2016, including doubled nickel production and quadrupled nickel output. The document also references Livermore's equity stake reduction from $2.6 million in September 2015 to $1 million, with share prices falling below 70 pence. The analysis cites S&P Global Market Intelligence as the source.

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Excerpt 1
roughly doubled in the five years to 2016, while its production of nickel quadrupled, the research compiled for EFTA00465778 Reuters by S&P Global Market **Intelligence**
Excerpt 2
most of the production has been added through acquisitions, and Glencore has racked up more debt than its competitors, according to S&P Global Market **Intelligence**
Excerpt 3
EFTA00465781 Livermore has reduced its equity stake to $1 million, from a $2.6 million investment in September 2015 when the shares fell below 70 **pence**

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