A history of the commodity markets and how they work
A brief history of exchange traded and non-exchange traded commodities.
Where do commodity prices come from and how the forward curve operates to identify commodity prices in the future?
How do consumers price in their commodities and price out their finished product? The example of an automotive company?
Producer and Consumer commodity risk management.
How do you manage risk where there is no futures market?
Transactional and strategic risk management. How do corporates identify commodity risk and what should they do about it?
What instruments exist to manage risk? The use of futures and options, the use of exchange traded or Over the Counter products.
How do markets work in terms of choosing your broker, obtaining credit lines, managing cash flows of margins both initial and variation margin.
Setting up a world class risk management operation. Training of staff, developing a risk management policy for your company, world class standards of managing risk, developing strong cross-relationships with procurement and sales teams and obtaining accurate and timely reporting to ensure proper hedging practice.
Managing risk in the mining, smelting and refining industries. Looking at steel, stainless steel, automotive and aerospace industries.
The importance of China in the global commodity markets
The role of China in the commodity markets from consuming 50% of all commodities to the Belt and Road Initiative in commodity producing nations.
Resource Nationalism and its role in the commodity markets
The role of commodity producing nations? How should they manage their risks? How do developing nations manage their cash flows when managing risk? What is the way forward?
Single commodity producing nations and managing their risk.
Managing risk in the mining industry.
How does a producer identify and manage their risks – looking at mining and soft commodity hedging examples.
Where do commodity prices come from and how the forward curve operates to identify commodity prices in the future?
A masterclass for risk management in the mining industry.
The Fourth Industrial Revolution and the commodity markets
How will industry 4.0 affect key elements of the global economy – the resource sector.
Digitisation, Artificial Intelligence, Robotics, Blockchain and the resource sector.
The world economy since 2008. What’s changed in the resource sector?
The debate over fossil fuels and the environment.
The future for fossil fuels.
The European carbon trading system.
What can be done to clean up inevitably dirty industries?
