Ferro-alloys - Metal Bulletin Store
Ferro-alloys - Metal Bulletin Store
Ferro-alloys - Metal Bulletin Store
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14:45 Developments of the nickel market in China – will the industry<br />
change to more efficient and cleaner furnaces and NPI supplies?<br />
• Changes in China – will the government continue to implement closures of<br />
the inefficient blast furnaces?<br />
• Electricity as a major cost – is the price of energy going up in China?<br />
With the introduction of the new better quality NPI for the electric arc<br />
furnace, will the margins be significantly squeezed?<br />
• Overview of nickel Pig Iron prices, will they continue to decrease? What will<br />
be the affect on the Chinese producers, will they cut down on production?<br />
• Impact of the Indonesian nickel ore export restrictions on the NPI<br />
production. With generally higher grade ore limitations, will the electric arc<br />
furnace quality find it difficult to replace traditional material?<br />
Andrew Mitchell, Principal Nickel Analyst, Wood Mackenzie, UK<br />
15:15 Networking coffee break<br />
15:45 Outlook on the future of the industry: the most exciting nickel<br />
cycle yet to come?<br />
• Is the market close to a turn?<br />
• Will explosive growth in nickel prices once again occur during this cycle?<br />
• Will “empty nickel project cupboard” result in higher prices for longer? Is<br />
NPI up to the challenge?<br />
Mark Selby, CEO, Royal Nickel Corporation, Canada<br />
16:15 Nickel – creating sustainability in the long term<br />
• Nickel material of the future – current and prospective usage of nickel<br />
• The contributions of nickel to sustainability<br />
• The importance of nickel in future technologies to address global challenges<br />
Dr Mark Minister, Director, Nickel Institute, Belgium<br />
16:45 Executives’ Panel discussion: Supply/demand balance and the<br />
impact of new capacities coming on stream<br />
• Demand/supply balance for nickel is really unclear, how will the new<br />
capacities from the new projects change the scenery of the marketplace?<br />
Will the market fall into oversupply?<br />
• Raising capital for the new projects – is it viable for the new deposits to<br />
come on stream at the current nickel price levels?<br />
• Partnerships with the stainless steel producers on new projects – will more<br />
stainless steel companies get involved, does it make commercial sense?<br />
• Declining quality of ore – what is the way forward for the new deposits,<br />
where to look out for new sources?<br />
Ricardo Godinho, Head of Strategy Nickel, Anglo American, Brazil<br />
Angus Staines, Analyst, UBS, UK<br />
Mark Selby, CEO, Royal Nickel Corporation, Canada<br />
Andrew Mitchell, Principal Nickel Analyst, Wood Mackenzie, UK<br />
17:30 Chairman’s closing remarks and drinks reception<br />
19:30 Gala Dinner<br />
Specialist session: Meeting room III<br />
MOLYBDENUM<br />
VANADIUM<br />
14:00 Chairman’s opening remarks<br />
14:10 Accessing molybdenum demand in China – what will be the<br />
implications for the global market and prices?<br />
• Demand level in China – will it continue to slow down? What about<br />
inventories – is the demand covered up by high stocks?<br />
• Slower spot market, will the situation continue? What impact will it have on<br />
inventories and prices?<br />
• More steel capacity in India – can it make up for the sluggish Chinese demand?<br />
• WTO objection towards molybdenum Chinese mining quotas and tax<br />
issues – will it keep this market flat?<br />
Catherine M. Virga, Director of Research, CPM Group, USA<br />
14:35 Development of new molybdenum sources – is there a<br />
sustainable solution for the long term supplies?<br />
• What is the market supply/demand forecast?<br />
• What is the molybdenum price forecast beyond 2015?<br />
• Industry cost structure – do new projects provide a suitable future for<br />
the industry?<br />
• What is the growing (and essential) role of primary producers in the market?<br />
• What is the new projects financing strategy in an effectively non-hedgeable<br />
commodity? Will it be difficult to come on stream with the primary projects<br />
at the current price level of molybdenum?<br />
• An overview of Avanti Mining and the Kitsault Project<br />
Craig Nelson, CEO, Avanti Mining, Canada<br />
16:00 Executives’ Panel discussion: Long term demand for molybdenum<br />
in the steel sector, is the long time growth sustained?<br />
• What was the real impact of the steel mills closures in Europe on<br />
molybdenum demand?<br />
• Is the demand from the construction sector still keeping molybdenum<br />
consumption on the rise?<br />
• Recent recovery of the US construction sector – will the situation be<br />
repeated in Europe soon?<br />
• When will consumption outgrow production and what price pressures will<br />
it present?<br />
Kevin Loughrey, CEO, Thompson Creek Company, US<br />
Craig Nelson, CEO, Avanti Mining, Canada<br />
Catherine M. Virga, Director of Research, CPM Group, USA<br />
Andreas Keller, Vice President, Scandinavian Steel, Sweden<br />
16:30 Networking coffee break<br />
17:00 Demand for vanadium – how is the new rebar grade 3/4 policy<br />
really impacting this market?<br />
• Vanadium supplies in China – is the market in balance?<br />
• How are construction trends driving ferro-<strong>alloys</strong> demand in Asia? Why is the<br />
continent looking for better quality material?<br />
• Are those changes in the material specification really being reinforced in<br />
China to get closer to the Western standards?<br />
• Why have neither the prices nor production gone up because of the new<br />
rebar grade 3 usage policy? Will that change in the future and how can it<br />
potentially impact the international market?<br />
• Niobium vs vanadium – what will be the extent of the real impact on those<br />
two materials with the new policy in place?<br />
Jack Bedder, Senior Analyst, Roskill Information Services, UK<br />
17:30 Prices and future supply/demand balance of vanadium<br />
• Outlook on the vanadium prices – has the market finally stabilized?<br />
• Why have the trade flows with China stayed the same even though the new<br />
rebar policy has been introduced? Did the national production of Chinese<br />
vanadium increase?<br />
• Supply/demand balance at this price is good, will more material be brought<br />
to the market soon?<br />
• Demand from the steel and batteries sector – which sectors will be growing<br />
fastest and where?<br />
Terry Perles, President, TTP Squared, USA<br />
18:00 Chairman’s closing remarks and drinks reception<br />
19:30 Gala Dinner<br />
Day two:<br />
Tuesday 13 November 2012<br />
Plenary session: Meeting room I<br />
Future of the ferro-<strong>alloys</strong> business in the<br />
tough economic times continued...<br />
09:00 Chairman’s opening remarks<br />
09:05 Overview of the ferro-<strong>alloys</strong> marketplace – is there light at the<br />
end of the tunnel?<br />
• Uncertainty in the business associated to the European economic<br />
downturn – what was the real impact on the ferro-<strong>alloys</strong> industry?<br />
• Focus on pricing: did the pattern follow general volatility in the market?<br />
• Why did the spot market shrink, will it come back to previous volumes?<br />
• Outlook on supply/demand balance – is there an oversupply? How are<br />
producers adjusting to this challenge?<br />
• How will it affect medium and small players, will there be need<br />
for consolidation?<br />
Hanré Rossouw, CFO, Xstrata Alloys, South Africa<br />
09:35 Stainless and special steels focus – difficult year behind us,<br />
hopeful year ahead of us?<br />
• Stainless steel output – which regions were impacted by the reductions and<br />
where have we seen growth?<br />
• Prices and alloy surcharges – are the stainless steel producers still making<br />
healthy margins?<br />
• Reasons for industry consolidation and the impact it has on the ferro-<strong>alloys</strong><br />
producers, will the stronger consumer mean weaker supplier?<br />
• Sourcing ferro-<strong>alloys</strong> to the stainless steel market: benchmark vs spot<br />
market – view on the future from the end user perspective<br />
Clemens Iller, CEO, Inoxum, Germany<br />
10:05 Economy and steel – what was the correlation in the past and<br />
what will it be in the future?<br />
• How likely is Europe to recover and re-install their purchasing power?<br />
• What will be the effect on the industries – will North and South Europe fall<br />
into deeper division?<br />
• Global trade and the effect of the economic downturn – have we seen the<br />
flows changing?<br />
• China – does the growth remain suppressed? What is the outlook on the<br />
industrial growth and consumer confidence in Asia? How will it affect the<br />
rest of the world?<br />
Steven G. Szakaly, Corporate Economist,<br />
Cliffs Natural Resources Inc, USA<br />
10:35 Networking coffee break
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