The World Economy and the Metal Markets
- The commodity markets since the crash of 2008.
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?
