Metals Markets: Near-term uncertainty foreshadows medium-term Energy Transition demands

We are excited to invite you to the S&P Global Commodity Insights LME Week Breakfast Briefing which will be held in-person in London on October 10, 2023.

Amid persistent macroeconomic uncertainty, metals demand has waned concurrently with recovering supply chains, with the sum of these factors contributing to generally weakening metals prices. Yet the horizon for energy transition-related demand for many ferrous, base and battery metals has arrived, spurred forward by various government initiatives that have supported plug-in electric vehicle uptake and a focus on renewable energy sources.

Join us at this complimentary event as we shine a timely light on the ferrous, base and battery metals markets, providing you with an overview of pricing developments and thought-provoking industry outlooks from our respective experts.

Places are limited. Don’t miss this opportunity to interact and engage with our respected team today.

Key areas of focus include:

  • - Iron ore
  • - Steel and scrap
  • - Copper
  • - Zinc
  • - Nickel
  • - Lithium
  • - Cobalt



Tuesday, October 10, 2023
  • 8.30 AM Registration & Networking with Refreshments
  • 09.00 AM Welcome & introduction to S&P Global Commodity Insights
  • Anna Crowley, Global Head of Metals Pricing, S&P Global Commodity Insights
  • 09.05 AM Update on LME ferrous futures contracts
  • Alberto Xodo, VP Sales, London Metal Exchange
  • 09:10 AMSession 1: Ferrous Market Outlook
    • • Turkish scrap and rebar update
    • • Global HRC and carbon-accounted steel update
    • • Iron ore Outlook – Weak China recovery fuels sliding prices
  • Viral Shah, Managing Editor, Low Carbon & Base Metals EMEA, S&P Global Commodity Insights
    Laura Varriale, Managing Editor, Ferrous Metals EMEA, S&P Global Commodity Insights
    Ronnie Cecil, Principal Analyst, S&P Global Commodity Insights
  • 09:50 AMSession 2: Battery and Base Metals Outlook
    • • Setting the Scene – contrasting macroeconomic and energy transition factors
    • • Battery Metals spot market update
    • • Lithium – Emerging supply response
    • • Cobalt – Battery chemistries, supply drive prices lower
    • • Nickel – Indonesia, China key to lower prices
    • • Copper – Near-term weakness, longer-term opportunities
    • • Zinc – Low prices trigger production cuts
  • Mark Ferguson, Research Director, S&P Global Commodity Insights
    Leah Chen, Editor, Battery Metals, S&P Global Commodity Insights
    Jason Sappor, Senior Analyst, S&P Global Commodity Insights
    Ronnie Cecil, Principal Analyst, S&P Global Commodity Insights
  • 10:30 AMPanel Q&A with the Team
  • Viral Shah, Managing Editor, Low Carbon & Base Metals EMEA, S&P Global Commodity Insights
    Leah Chen, Editor, Battery Metals, S&P Global Commodity Insights
    Ronnie Cecil, Principal Analyst, S&P Global Commodity Insights
    Jason Sappor, Senior Analyst, S&P Global Commodity Insights
  • 11:00 AMNetworking
  • 11:30 AMClose


Alberto XodoAlberto Xodo
VP Sales, London Metal Exchange
Alberto has worked on various strategic initiatives for the London Metal Exchange, including the launch of new contracts, the development of its steel futures market and the launch of the Registered Intermediating Broker membership category. He joined the London Metal Exchange in December 2014 and has been a member of the LME Nickel Committee and of the LME Steel Committee since 2015. Previously, he was working in the Transaction Services team of PwC with focus on strategy consulting and commercial due diligence for the Financial Services industry.
Anna CrowleyAnna Crowley
Global Head of Metals Pricing, S&P Global Commodity Insights
Anna Crowley is the Global Head of Metals Pricing at S&P Global Commodity Insights. Anna joined Platts in 2008, covering electricity markets and managing reporting teams. Prior to that, she was an editor with S&P Global Ratings specializing in Corporate and Infrastructure Finance.
Viral ShahViral Shah
Managing Editor, Low Carbon & Base Metals EMEA, S&P Global Commodity Insights
Viral Shah is the Managing Editor for the Low Carbon and Base Metals team in EMEA at S&P Global Commodity Insights, with a special interest in recycled commodities from ferrous scrap to the nascent black mass market. He has eight years of experience covering a variety of ferrous and non-ferrous markets. He holds an MA in Financial Journalism from Aarhus University Denmark and City University London, as well as a BA in English literature from Warwick University.
Jason SapporJason Sappor
Senior Analyst, S&P Global Commodity Insights
Jason Sappor is a Senior Analyst in the Metals and Mining Research Team at S&P Global Commodity Insights, based in London. His primary focus is the nickel market, which includes conducting nickel supply and demand analysis and nickel price forecasting, producing the monthly Nickel Commodity Briefing Service report, and writing timely research articles.

Jason co-authored articles on the impact of COVID-19 on the industrial metals and presented the research team’s metals market forecasts in various webinars and events since joining the company in July 2018.

Prior to joining S&P Global, Jason spent four years at CRU, where he gained exposure to the aluminum, nickel, stainless steel and molybdenum markets. He initially worked as an associate in the Citi Metals Research and Strategy team. Jason holds an MSc in Applicable Mathematics and a BSc in Mathematics and Economics, both from the London School of Economics and Political Science.
Ronnie CecilRonnie Cecil
Principal Analyst, S&P Global Commodity Insights
Ronnie is a Principal Analyst for Iron Ore and Steel for S&P Global Market Intelligence. He started S&P Global in March 2020. Alongside producing the regular monthly/quarterly Iron Ore Commodity Briefing Service (CBS) market reports, he is also responsible for producing the monthly Metals Consensus Price Forecast articles. He also conducts peer editing duties for the other monthly CBS reports – Copper, Zinc, Nickel and Lithium & Cobalt.

Ronnie has been working as a metals and mining analyst/consultant for the past 20 years. Prior to joining S&P Global, he spent 4 years working as a freelance commodity consultant, covering ad-hoc projects in the areas of metals & mining; fertilizers & chemicals; electric vehicles; emissions; sustainability and climate change risk. Ronnie spent 6 years with Wood Mackenzie as a senior analyst in their metals and mining team where he was responsible for developing new services for iron ore and steel markets and steel costs. He initially worked with CRU from 2000-2010, as their Senior Ferrous Raw Materials Analyst, covering met coal, iron ore , scrap and carbon steel, before joining Steel Business Briefing (latterly acquired by Platts) for a short period in 2010.

Ronnie holds a Masters Degree in Economics from the University of London (Queen Mary College).
Leah ChenLeah Chen
Senior Pricing Specialist, Non-ferrous Metals,S&P Global Commodity Insights
Leah Chen works at S&P Global Commodity Insights’ Singapore office as a senior pricing specialist. Her main area of focus is the battery metals (lithium, cobalt, nickel, manganese, black mass) market within the APAC region. She also covers other commodities such as copper, molybdenum, ferrochrome and alumina benchmarks. Leah has presented at numerous battery metals industry events, as well as recorded podcasts and videos discussing market movements and trends.
Laura Varriale Laura Varriale
Managing Editor, Ferrous Metals, EMEA, S&P Global Commodity Insights
Laura is S&P Global Commodity Insights’ Managing Editor of the Ferrous Metals team in EMEA. She leads steel price and market commentary coverage of finished, semi-finished and carbon-accounted steel, molybdenum and alloys in the region. Previously, she covered European flat steel pricing and German steel news for Platts’ flagship steel publication Steel Business Briefing. Prior to joining S&P Global, Laura wrote for various UK B2B trade publications covering the batteries and energy storage sector. Laura holds an MA from Humboldt University Berlin and received her accredited journalism qualification from the UK’s National Council for the Training of Journalists.
Mark FergusonMark Ferguson
Research Director, Metals & Mining, S&P Global Commodity Insights
Mark Ferguson is the Research Director for the Metals & Mining Research group at S&P Global Commodity Insights. Having worked for previous iterations of the division since 2004, he has extensive experience in producing exploration and supply-side studies and topical research for the mining sector.

Increasingly focused on energy transition-related needs pertinent to the metals & mining sector, the Research team tracks the industry’s upstream efforts while assessing demand and price expectations for key industrial and battery metals.

Mark holds a Bachelor of Science in Geology/Geography from Saint Mary’s University, and an MSc in Earth Sciences from Dalhousie University.

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The LME Week Breakfast Briefing will take place at The May Fair Hotel, London

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