EVENT
Wood Mackenzie LME Forum 2024
2 October 2024
8:30 - 14:00 BST
London, UK
Interested in our event? Contact us to learn more.
Please register your interest to attend this event via the Contact Us form above. Due to the anticipated popularity of this event, we will be limiting the number of attendees attending this event and only confirmed registrants will be able to join us on the day.
Taking stock of the energy transition: A pivotal moment for metals
Join us at the Wood Mackenzie LME Forum in London on 2 October 2024 to engage in powerful conversation with Wood Mackenzie’s research analysts and industry thought leaders. Explore the key drivers and challenges shaping the metals industry, including:
• Shaking off shocks: After key elections, fiscal policy should become more certain, but will it be supportive for economic growth?
• EV & Batteries: Will rising industrial protectionism hinder or support the EV market?
• Metals Demand: Taking stock of the energy transition
• Lithium: With low prices and a steadily building inventory, could a rebound be on the horizon or is the lithium landscape changed for good?
• Nickel: What now for a metal in transition?
• Metals Supply: Overcoming the challenges and seizing the opportunity
• Copper: Is market volatility here to stay and can market jitters derail investment?
• Aluminium: Price, premiums and policy
• Iron Ore & Steel: What's next for steel in the age of disruption?
• Zinc: Trouble ahead for Chinese smelters?
If you need help registering your interest in the forum, contact us on events@woodmac.com
Speakers include:
Utilising Wood Mackenzie’s expertise, thought leadership and industry connections, this forum provides an unrivalled chance to meet and hear from leading experts on what is shaping the metals industry.
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Contact events@woodmac.com with any event or registration questions.
Agenda
8:30 AM
GMT
8:30 AM - 8:40 AM
Welcome
Derryn Maade
Global Head of Metals & Mining
Wood Mackenzie
8:38 AM
GMT
8:38 AM - 8:40 AM
Session 1 - Metals Demand: Taking stock of the energy transition
8:40 AM
GMT
8:40 AM - 8:50 AM
Introduction: A pivotal moment for metals
8:50 AM
GMT
8:50 AM - 9:00 AM
Global economy: Shaking off shocks
- - After key elections, fiscal policy should become more certain, but will it be supportive for economic growth?
- - Normalising interest rates
- - Is a resurgence of industrial production and investment on the cards?
Peter Martin
Head of Economics
Wood Mackenzie
9:00 AM
GMT
9:00 AM - 9:10 AM
EV & Batteries: Hitting a speed bump
- - Will rising industrial protectionism hinder or support the EV market?
- - Tackling bottlenecks in the battery midstream
- - Reigniting EV sales in Europe and North America
Max Reid
Principal Analyst, Head of Electric Vehicle & Battery Supply Chain
Wood Mackenzie
9:10 AM
GMT
9:10 AM - 9:50 AM
Panel Discussion: Metals Demand - Taking stock of the energy transition
Gavin Thompson
Vice Chairman, Energy – Europe, Middle East & Africa
Wood Mackenzie
Peter Osbaldstone
Research Director, Europe Power
Wood Mackenzie
Max Reid
Principal Analyst, Head of Electric Vehicle & Battery Supply Chain
Wood Mackenzie
Stéphane Bassene
Vice President, Strategic Materials
TotalEnergies
Yann Ropers
Global Head Natural Resources Finance
Deutsche Bank
9:50 AM
GMT
9:50 AM - 10:00 AM
Lithium: On track for a more stable future?
- - With low prices and a steadily building inventory, could a rebound be on the horizon or is the lithium landscape changed for good?
- - How do we tackle a supply surplus today while balancing the strong growth requirements of the future?
- - As the lithium market matures, are we likely to see the market return to its historic price volatility? What changing mechanisms are at play that underpin future trends?
Suzanne Shaw
Head of Energy Transition & Battery Raw Materials
Wood Mackenzie
10:00 AM
GMT
10:00 AM - 10:10 AM
Nickel: What now for a metal in transition?
- Has Indonesia killed the market or did the west relinquish it?
- What can be done to rebalance the market ?
- Are green premia a necessary evil or protectionism?
Andrew Mitchell
Head of Nickel Research
Wood Mackenzie
10:10 AM
GMT
10:10 AM - 10:20 AM
Q&A
Put your questions to Nick on the session discussions.
Nick Pickens
Research Director, Global Mining
Wood Mackenzie
10:20 AM
GMT
10:20 AM - 11:05 AM
Networking and refreshments
11:10 AM
GMT
11:10 AM - 11:50 AM
Beginning of Session 2. Panel Discussion: Metals Supply - Overcoming the challenges and seizing the opportunity
William Husband
Managing Director, Global Head of Metals and Mining, Corporate Banking
Citi
Patrick Barnes
Vice President, Head of Metals & Mining Consulting
Wood Mackenzie
Daniel P. Kravets
Senior Vice President and Chief Commercial Officer
Freeport McMoRan
Jimena Blanco
Chief Analyst
Verisk Maplecroft
Emily Olson
Chief Sustainability Officer and Corporate Affairs
Vale Base Metals
11:50 AM
GMT
11:50 AM - 12:05 PM
Copper: Cutting throught the noise
- - Is market volatility here to stay and can market jitters derail investment?
- - What does future copper supply look like and how do we get there?
- - Are supply security strategies a distraction?
Nick Pickens
Research Director, Global Mining
Wood Mackenzie
12:05 PM
GMT
12:05 PM - 12:20 PM
Aluminium: Price, premiums and policy
- - Macro developments weigh on prices
- - Global premia and higher freight costs
Ami Shivkar
Principal Analyst – Aluminium Markets
Wood Mackenzie
12:20 PM
GMT
12:20 PM - 12:35 PM
Iron Ore & Steel: What's next for steel in the age of disruption?
- - Global steel dynamics.
- - Key themes for metallics and iron ore
- - Navigating the future of lower carbon steelmaking
Daniel Carvalho
Director, Metals & Mining Consulting
Wood Mackenzie
12:35 PM
GMT
12:35 PM - 12:50 PM
Zinc: Trouble ahead for Chinese smelters?
- - Can China’s smelting industry avoid large scale and permanent closures
- - When will tightness in the concentrate market ease?
- - Will the zinc price revisit recent highs?
Andrew Thomas
Head of Zinc Market Research
Wood Mackenzie
12:50 PM
GMT
12:50 PM - 12:55 PM
Q&A
Put your questions to Nick about the session discussions.
Nick Pickens
Research Director, Global Mining
Wood Mackenzie
12:55 PM
GMT
12:55 PM - 1:05 PM
Closing Remarks
Derryn Maade
Global Head of Metals & Mining
Wood Mackenzie
Speakers
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Why Attend?
The economic and political environment remains uncertain. Market prospects swing with every change in fiscal and trade policy, and metal prices have been volatile and unpredictable. Meanwhile, the energy transition is a clear pull for long-term metals demand, but the pace of progress is faltering. The conclusion of COP28 confirmed no major country was on track to meet the Paris-aligned commitments. What are the challenges for renewable-led electrification and what are the ramifications for mined commodities? How will producers finance and deliver sustainable, low-carbon supply growth during increasingly uncertain times?
- Hear Wood Mackenzie’s latest outlooks for aluminium, copper, lithium, nickel, iron ore/steel and zinc/lead
- Attend industry-leading panel discussions - Wood Mackenzie’s experts on economics, energy markets and battery technology will discuss demand drivers for key metals and the status of the energy transition
- Gain new perspectives from industry leaders in mining, financing and sustainability who will join our analysts in debating the supply-side challenges
- Leverage the great opportunity to network with senior industry stakeholders and peers
Andrew Thomas
Head of Zinc Market Research
Wood Mackenzie
Stéphane Bassene
Vice President, Strategic Materials
TotalEnergies
Stéphane BASSENE is a 47-year-old executive of French and Senegalese citizenship with 23 years of multicultural working experience on four continents. He is currently Vice-President, Strategic Materials at TotalEnergies in Paris, France. Previously, he held the position of Managing Director and Country Chair at TotalEnergies EP Gabon and was Vice-President of the Gabonese Employers’ Confederation (CPG), in charge of the development of the extractive sector. Prior to joining TotalEnergies, Stéphane has spent 17 years at Rio Tinto in various positions in Aluminium, Copper & Diamonds. Stéphane BASSENE is a Graduate of Ecole Polytechnique in Paris and of the Massachusetts Institute of Technology. He holds an executive MBA from TRIUM (HEC Paris, New York University, and the London School of Economics).
Suzanne Shaw
Head of Energy Transition & Battery Raw Materials
Wood Mackenzie
Peter Martin
Head of Economics
Wood Mackenzie
Emily Olson
Chief Sustainability Officer and Corporate Affairs
Vale Base Metals
Jimena Blanco
Chief Analyst
Verisk Maplecroft
Jimena is Verisk Maplecroft’s Chief Analyst. She frequently provides advice to multinational companies and multilateral institutions on geopolitical and country-specific political risk. Jimena has undertaken numerous field projects, including Human Rights Impact Assessments for clients across the globe. Jimena participates in diplomatic, academic and business forums, addressing issues of global, regional and country-specific concern. She is an experienced public speaker and is often invited to deliver analysis to some of the world’s largest industry shows and conferences. Jimena also makes regular contributions to the British and foreign media. Prior to working for Verisk Maplecroft, Jimena edited several publications at Latin News and wrote extensively on Latin America. She was also a contributor to the International Institute for Strategic Studies’ special dossier, The Farc Files: Ecuador, Venezuela and the Secret Archive of ‘Raúl Reyes’. Jimena studied History and Political Science at Randolph-Macon Woman’s College and obtained a master’s degree in Latin American Studies from the Institute for the Study of the Americas, University of London.
Max Reid
Principal Analyst, Head of Electric Vehicle & Battery Supply Chain
Wood Mackenzie
Gavin Thompson
Vice Chairman, Energy – Europe, Middle East & Africa
Wood Mackenzie
Ami Shivkar
Principal Analyst – Aluminium Markets
Wood Mackenzie
Derryn Maade
Global Head of Metals & Mining
Wood Mackenzie
Yann Ropers
Global Head Natural Resources Finance
Deutsche Bank
Daniel Carvalho
Director, Metals & Mining Consulting
Wood Mackenzie
Based in London, Daniel Carvalho serves as Wood Mackenzie’s global research director for Metals and Mining Processes, bringing over 16 years of experience as a global operations, process and technology leader in the iron and steel industry. With a solid track record in structuring new operations, managing crises, executing operational turnarounds, and defining new strategies in dynamic and uncertain environments, his career’s highlights encompass scaling up new li-ion battery factories for Northvolt in Sweden, designing and launching the global upstream R&D for Ternium in Latin America, and managing operations and process technologies for ThyssenKrupp CSA in Brazil. Prestigious industry awards recognize his commitment to innovation, excellence, and the advancement of the iron and steel industry, which include the 2021 AIST Hunt-Kelly Award and the 2020 AIST Charles H. Herty Jr. Award, among other recognitions.
Andrew Mitchell
Head of Nickel Research
Wood Mackenzie
Daniel P. Kravets
Senior Vice President and Chief Commercial Officer
Freeport McMoRan
Dan P. Kravets, Senior Vice President and Chief Commercial Officer, is responsible for managing corporate development and strategy, copper sales and marketing, global supply chain, and mineral exploration. Mr. Kravets has been with the company for more than twenty years in various leadership roles, including managing mergers and acquisitions and international business development. He has a Bachelor of Science from the University of Michigan’s School of Natural Resources, a Juris Doctor and a Master in Studies of Environmental Law from Vermont Law School and a Master in Business Administration from the University of Arizona Eller College of Management.
Nick Pickens
Research Director, Global Mining
Wood Mackenzie
Peter Osbaldstone
Research Director, Europe Power
Wood Mackenzie
Patrick Barnes
Vice President, Head of Metals & Mining Consulting
Wood Mackenzie
Patrick is a practiced consultant with over 10 years of experience helping mining companies, financial institutions and governments to foster development of stable and equitable mining sectors. As director of our metals and mining consulting team, Patrick leads our consulting engagements on topics related to copper, other base metals, precious metals, steel, coal and infrastructure. He has also focused extensively on public policy development and investment attraction in projects with government clients in Latin America, North America and the Middle East. Patrick joined Wood Mackenzie in 2014 as principal in the metals and mining consulting team. Over his tenure, he has worked with such clients as major and junior mining companies, private equity firms, banks and other financial institutions, steel producers, infrastructure operators and investors, governments, and others. Patrick began his mining sector career advising senior management of Kennecott Utah Copper on investment decisions at the Bingham Canyon mine. After pursuing an MBA and helping to launch a healthcare technology startup, Patrick returned to mining and joined Rio Tinto's Copper headquarters as part of its global business analysis and strategy team based in Salt Lake City, where he led projects and analyses in strategy and valuation in Mongolia, Australia, North America and Europe.
William Husband
Managing Director, Global Head of Metals and Mining, Corporate Banking
Citi
William joined Citi over 10 year ago. He now runs the Global M&M Corporate Banking team out of London after running the European business. William has 25 years of banking experience focused on Corporate Finance to Natural Resources companies across Capital Structuring Advisory, Acquisition financing, Bonds, Loans transactions in both Developed and Emerging Markets. William has been providing capital structuring advice to the worlds largest Metals and Mining companies for several decades and can offer advice on optimal capital structures as well as ESG strategies.