Whats Next for Base Metals? Markets & Metals in a Post-COVID World
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Wed, May 13, 2020 at 1:00 PMendedReplay
Investor webinar replay
Meeting Overview The meeting focused on the current state and future outlook of base metals in a post-COVID world. Key discussions revolved around market trends, supply and demand dynamics, and specific insights into copper, zinc, and nickel, culminating in a presentation by FPX Nickel's CEO on their Dekar project. Key Discussion Points - Overview of the base metals market backdrop, including the impact of COVID-19 on supply and demand. - Discussion on the significant drop in copper prices and its implications for the market. - Insights into government stimulus packages aimed at economic recovery and their potential effects on metal demand. - Analysis of supply chain disruptions and the anticipated long-term supply deficit in base metals. - Examination of specific metals: - Copper's market dynamics and cost structures. - Zinc's supply challenges and treatment charges. - Nickel's bifurcating market between pig iron and battery-related supply. - Presentation of FPX Nickel's Dekar proj...
Mr. Macdonald is a professional geologist with a diverse experience base including exploration geology worldwide and investment banking. In recent years he has focused his efforts in exploration and development as a principal of and consultant to various junior mining companies. In the past he was in the City of London where he worked in structuring financings and risk management at Macquarie Bank. In 2007 Mr. Macdonald graduated with an MBA (with Distinction) from Oxford. He completed his B.Sc. in Geology from UBC in 2000. Mr. Macdonald has a long history of mining exploration work in Yukon, including zinc projects, and originally hails from Ross River, near the Macmillan Pass Project site. He is a Professional Geologist registered with Engineers and Geoscientists British Columbia (EGBC).
Dr. West-Sells has over 25 years experience in the mining industry. After obtaining his Ph.D. from the University of British Columbia in Metallurgical Engineering, he worked with BHP, Placer Dome, and Barrick in increasingly senior roles in Research and Development and Project Development.
Dr. West-Sells has worked for Western Copper and gold since 2006, where he has held a number of technical and executive positions, and is now the President and CEO overseeing the day to day operations of the company.
Dr. West-Sells sits on the Yukon Minerals Advisory Board, the Board of the Yukon Mining Alliance and is also on the Centre for Northern Innovation in Mining Governing Council.
Martin is a mining executive with extensive hands-on experience in company leadership, mine project development, debt and equity financing, investor relations and corporate governance. Martin is a CPA, CA with over 15 years of progressive and diverse experience in the resources industry, ranging from exploration and development-stage juniors to large multinational producers. He graduated with a Bachelor’s in Business Administration from Simon Fraser University and earned his professional qualifications while working at KPMG Vancouver LLP.
Stefan Ioannou, Ph.D., is an Analyst covering mining for Cormark Securities Inc.’s institutional equity research team. Dr. Ioannou is a mining engineer and holds a Ph.D. in economic geology from the University of Toronto. He joined Cormark in December 2016, working in equity research for 13 years with Haywood Securities as a base metals analyst since 2006. Prior to that, Dr. Ioannou worked as an exploration geologist in Nevada and throughout the Canadian Shield.
Replay transcript excerpt
Speaker 1: Hi everyone, my name is Bianca Pachola. I'm the COO of 6 and welcome to today's panel, What's next for base metals, markets and metals in a post-COVID world? Speaker 1: I'd like to start today by introducing our moderator for today's panel, Stephan Uwano, Mining Analyst at Cormark Securities. Speaker 1: Stephan, take it away. Speaker 2: Thanks, Bianca. Before we get started, I just wanted to note that the panelists are going to be answering questions at the end of this call. So please submit any questions you have in advance on the right hand side of your screen in the Q&A section. Speaker 2: Just in terms of a base metals backdrop, we started the year off with the signing of a phase 1 trade bill between the US and China, which helped to bolster base metal sentiment, you know, seeing copper sort of test the $2.90 Speaker 2: per pound level. Speaker 2: However, that narrative quickly changed as coronavirus concerns began to escalate. Important necessary efforts to address the pandemic has unfortunately also crippled the global economy through travel restrictions, supply chain disruptions, Speaker 2: and government Speaker 2: mandated Speaker 2: closures, albeit temporary. Speaker 2: As a result, copper has dropped about $2.35 a pound right now, down about 15% year to date, and it's a move that's also been mimicked by the other base metals, Speaker 2: largely on the back of demand concerns. Speaker 2: With the COVID curve flattening Speaker 2: around the world, we're starting to see the governments begin to shift focus to economic recovery. Speaker 2: Just this week, the US Democrats proposed a $3 trillion release bill, which is on the back of a Speaker 2: $2 trillion package that was approved in March. Speaker 2: While that ripple effect of stimulus will ta...
