Lifezone Metals Limited (LZM) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Lifeline Metals webcast to discuss the H1-2026 interim financial results and to provide an operational update. We'll finish today's event with a question and answer session. You can submit a question using the Q&A box at the top of the page. Please feel free to contact us directly for any questions not addressed in this webcast. Before we begin, I would like to remind everyone that today's event will contain forward-looking statements that involve risks and uncertainties that can cause actual results to differ materially from those in the forward-looking statements. Details of the forward-looking statements are contained in our July 29th news release on our website at www.lifesonmetals.com. Please see additional disclaimers which I'd encourage you to read in your own time. Joining me today is Life Zone Metals Chief Executive Officer Chris Showalter and Chief Financial Officer Ingo Hofmaier. Without any further to do, I would like to turn things over to Ingo for the presentation. Thank you. Thank you, Catherine, and thank you everyone for joining us to our H1 interview today. Results news release. As in the last webcast, we would like to speak a little bit about the nickel market. The nickel market has undergone a noticeable fundamental reversal since late 2025. This fundamental shift is still intact with the new base case. The main reasons for the shift are, number one, primary cost drivers. Firstly, higher royalty rates, and secondly, in April this year, Indonesia adjusted the nickel ore benchmark price formula by including common byproducts. And secondly, the supply factors, and this is Indonesia restricting their RKAPs and flicking the ore supply output from a significant growth to like a year-on-year decline. On the price chart on the right, you al...