The growing energy crisis in Europe has forced some aluminum smelters to shut down. Research suggests the increased global demand for copper could have supply peaking in 2024. Meanwhile, electric vehicle makers are seeking new sources of cobalt and lithium in order to meet surging demand. These and other factors have resulted in new challenges for the base and battery metals industries. Our expert panel will examine the emerging economic risks, the factors affecting supply, and what it all means for global metals markets. Topics will include:
- Global supply chain bottlenecks and their effect on copper
- The role Europe’s power issues could have on aluminum supply
- The competition for metals among EV makers
- China’s economic growth, and what it means for base metals supply
- A closer look at copper and aluminum market volatility, and how traders are responding
Managing Director, TJM Institutional Services (host)
Global Head of Metals, CME Group
Founder and Managing Director, Harbor Aluminum
VP of Procurement, Bonnell Aluminum
Global Head of Market Analytics, Marex
Subscribe to OpenMarkets
OpenMarkets is an online magazine and blog focused on global markets and economic trends. It combines feature articles, news briefs and videos with contributions from leaders in business, finance and economics in an interactive forum designed to foster conversation around the issues and ideas shaping our industry.
All examples are hypothetical interpretations of situations and are used for explanation purposes only. The views expressed in OpenMarkets articles reflect solely those of their respective authors and not necessarily those of CME Group or its affiliated institutions. OpenMarkets and the information herein should not be considered investment advice or the results of actual market experience. Neither futures trading nor swaps trading are suitable for all investors, and each involves the risk of loss. Swaps trading should only be undertaken by investors who are Eligible Contract Participants (ECPs) within the meaning of Section 1a(18) of the Commodity Exchange Act. Futures and swaps each are leveraged investments and, because only a percentage of a contract’s value is required to trade, it is possible to lose more than the amount of money deposited for either a futures or swaps position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyles and only a portion of those funds should be devoted to any one trade because traders cannot expect to profit on every trade. BrokerTec Americas LLC (“BAL”) is a registered broker-dealer with the U.S. Securities and Exchange Commission, is a member of the Financial Industry Regulatory Authority, Inc. (www.FINRA.org), and is a member of the Securities Investor Protection Corporation (www.SIPC.org). BAL does not provide services to private or retail customers.. In the United Kingdom, BrokerTec Europe Limited is authorised and regulated by the Financial Conduct Authority. CME Amsterdam B.V. is regulated in the Netherlands by the Dutch Authority for the Financial Markets (AFM) (www.AFM.nl). CME Investment Firm B.V. is also incorporated in the Netherlands and regulated by the Dutch Authority for the Financial Markets (AFM), as well as the Central Bank of the Netherlands (DNB).