Whats Next for Base Metals? Markets & Metals in a Post-COVID World

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...

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[Speaker identities could not be resolved; generic labels used] [00:09] 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? [00:19] Speaker 1: I'd like to start today by introducing our moderator for today's panel, Stephan Uwano, Mining Analyst at Cormark Securities. [00:26] Speaker 1: Stephan, take it away. [00:29] 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. [00:40] 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 [00:51] Speaker 2: per pound level. [00:52] 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, [01:04] Speaker 2: and government [01:05] Speaker 2: mandated [01:06] Speaker 2: closures, albeit temporary. [01:09] 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, [01:17] Speaker 2: largely on the back of demand concerns. [01:20] Speaker 2: With the COVID curve flattening [01:22] Speaker 2: around the world, we're starting to see the governments begin to shift focus to economic recovery. [01:27] Speaker 2: Just this week, the US Dem...