Metals Outlook Event - Organised with IntieraRMG
- Kindly hosted by Control Risks
Every year we like to hold a metals outlook event aimed at giving insight into underlying commodity prices and markets that govern the profitability of mining companies.
This year we were fortunate to have Control Risks host the event which was followed by wine and beer with fantastic views from their offices on the southern bank of the Thames.
Chris Watling, CEO of Longview Economics, opened the show with some startling frontline numbers from China. The outlook wasn't wholly positive for the Chinese economy which, on the face of it, wouldn't be supportive for metals in the short term.
Dr Chris Hinde from InteraRMG followed Chris Watling. Dr Hinde presented InteraRMG's recent findings based on exploration expenditure and discovery rates. Recent trends have shown that discovery rates have fallen and the average grade and size of discoveries are falling too.
Anna Walker, Control Risk's Head of Analysis, Europe and Former Soviet Union, then gave a comprehensive presentation on the role risk analysis plays in our industry. Anna's emphasis was on the right questions to ask.
Philip Newman from the newly minted Metals Focus group then gave a more detailed presentation on the outlook for gold. Following our gold debate event it was interesting to hear Philip's views as well as get a better understanding of the currently operating cost environment.
Paul Dewison ended the event with an admirable presentation on both copper and iron ore.