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Summary
Metals prices rose in the December quarter on long-awaited news of China reversing its strict zero-COVID policy, and on softening inflation in the U.S. weakening the U.S. dollar. The picture was nevertheless mixed at year-end, with China's relaxing of restrictions leading to a surge in COVID cases and the global economy still slowing.
Among our covered commodities, lithium was the true winner of the quarter and of the year, with concentrate prices at record highs, ensuring a payback timeframe of less than one year for most recently assessed projects.
With near-term demand concerns persisting into early 2023, we anticipate lower annual average prices for most commodities year over year. However, rebounding economic activity as the year progresses should prepare the industry for stronger years ahead.
Join us to recap the December 2022 quarter and outlook for 2023:
- Commodity price trends, drivers and estimates
- Financing, drilling and exploration metrics
- Mergers and acquisitions
This webinar will be presented by S&P Global Commodity Insights research team. S&P Global Commodity Insights produces content for distribution on the S&P Capital IQ Pro platform, a product of S&P Global Market Intelligence.
Moderator
S&P Global Energy
Alice Yu
S&P Global Energy
Associate Director, Metals & Mining
Alice Yu is the Associate Director of Future Energy Metals Research at S&P Global Energy.
Alice Yu is an Associate Director specializing in critical minerals at S&P Global Energy. She began researching battery metals in 2015; and in 2020, she launched S&P Global's forecast coverage for lithium and cobalt. She is based in Bangkok and has previously worked in Beijing, Hong Kong, and London.
Prior to joining, Alice was a strategy consultant in metals at CRU where she led projects across market due diligence, market entry strategy, competitor mapping, and acquisition target selection. Alice holds an MSc in Economic History and a BSc in Economics, both from the London School of Economics.
Speakers
S&P Global Energy
Aude Marjolin
S&P Global Energy
Principal Analyst, Gold & Non-Ferrous Markets
Aude Marjolin is an Associate Research Analyst in the Metals and Mining Research team of S&P Global Energy. She is responsible for delivering the monthly Consensus Metals Price analysis and reports on various commodities covered by the team. She was previously a Senior Commodities Editor in the Market Intelligence division, providing support to the Metals and Mining team. Aude's background is in theoretical chemistry, and she worked at the University of Pittsburgh prior to joining S&P Global. Aude received her BSc in materials science from the Université Paris XII Val de Marne and her MSc and PhD in chemistry from the Université Pierre et Marie Curie.
Aude Marjolin is a Commodities editor, covering Energy and Metals & Mining research.
Her experience in providing peer-review for and editing research papers for scientific publications has translated well to the commodities industry. Aude especially enjoys working on texts in English as a Second Language.
She has been building the position by establishing procedures and reference documents and has also been the liaison between Commodities and various other teams. Specifically, Aude has been working with Operations to develop workflows for and Production to offer data visualization support to Commodities.
Aude is a happily reconverted theoretical chemist, who received her degrees from the University Pierre and Marie Curie in Paris.
In her one-woman office in Tonganoxie, Kans., she is assisted by Baby Clara and Kitties Ash and Willow, who often pop in on meetings.
S&P Global Energy
Katherine Matthews
S&P Global Energy
Principal Analyst, Mine Economics & Emissions
Katherine Matthews is an Associate Research Analyst in the Mine Economics team of S&P Global Energy, where she is responsible for building and maintaining financial models for numerous operations globally, covering a wide range of commodities including gold, nickel and uranium. Katherine has previously worked in Azerbaijan and Western Australia as a Project Mine Geologist in porphyry copper and gold deposits, working in both exploration and underground gold mines. Katherine holds a Masters in Applied and Economic Geology from the University of Leicester.
Event Support