BMO Equity Research Metal Matters

In this short (10 min) podcast we discuss why cost curves are back in focus, and the latest developments in China property, nickel, and aluminium. Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/8E1FCB74-2560-4D7B-A690-3D3C462AAC98.PDF To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this short (11 min) podcast we discuss the challenges facing current metals markets, copper, steel, and the latest data from China. Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/4E69F782-FD3D-464F-BF9C-1916327AFB40.PDF To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this short (10 min) podcast we discuss the recent sell-off in industrial metal prices, the outlook for copper and uranium, and current price disconnects across commodity markets. Click here for transcript To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this short (10 min) podcast we discuss when the current energy interest may rotate back towards metals, central bank policy and China’s May economic and trade data. Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/50822505-43AB-4686-9A80-EBE8F64D7047.PDF To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this short podcast we discuss the divergent forces in China’s metals demand, thermal coal, iron ore, and the battery cycle. Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/5D0C35F3-7E78-416C-9FDC-4BA75B5CE99F.PDF To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this short (9 min) podcast we discuss feedback from industry events covering cobalt, platinum, and aluminium markets, plus what is different in the current price downcycle. Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/E8645781-6ED4-4F4C-80CA-612AC744A622.PDF To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this short (9 min) podcast we discuss the implications of China’s latest pro- growth rhetoric, how to think about the iron ore market, copper and zinc market dynamics plus what we may see at Mining Indaba. Click here for transcript. To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this short (10 min) podcast we discuss the current state of play in China’s economic data, easing in copper raw materials and underlying nickel fundamentals. Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/B04A9F61-A596-4809-A24D-F7FAF8B8AEE8.PDF To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this short podcast we discuss our recent commodity price update, China’s changing trade patterns and the push for energy independence. BMO clients can view our report, "Q2 2022 Commodity Price Update: Dealing With Dislocations", by visiting: https://researchglobal0.bmocapitalmarkets.com/research/02224aa2-3ab9-497a-91f5-328365f83336/ Episode transcript: https://research-ca.bmocapitalmarkets.com/...

In this short (9 min) podcast we discuss feedback from the FT Commodities Summit in Lausanne, China’s growth push, how we are altering our basic supply-demand forecasts, and what will be front and centre of next week’s CESCO copper event in Chile. Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/BF91A3FE-38B7-465E-9A32-A803C86D6282.PDF To access our full disclosures, please...

In this short (10 min) Metal Matters podcast, we discuss feedback from BMO’s Global Metals & Mining Conference, how supply disruptions can result in demand destruction and the turbulence in the LME nickel market. Episode transcript: research-ca.bmocapitalmarkets.com/documents/CC8ED4F0-7D47-4B21-82BE-A766225F7AEB.PDF To access our full disclosures, please visit: https://researchglobal0.bmocapitalma...

In this short (8 min) podcast we preview the key points of discussion at BMO’s Global Metals & Mining Conference, talk potential flow-through impacts from the Russia-Ukraine situation, and highlight our work on the forthcoming demand transition for PGMs. BMO clients can view our report, "PGM Demand Drivers Prepare for Real Transition", by visiting: https://researchglobal0.bmocapitalmarkets.com/res...

In this short (8 min) podcast we discuss how to think about what might happen in commodity markets after the recent price gains, our recent upgrade to electric vehicle expectations, and the forthcoming IZA conference. Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/C895A3A4-05C4-4AA5-BF23-3FD8BB396BF2.PDF To access our full disclosures, please visit: https://researchglobal0...

In this short (8 minute) podcast we discuss why there is such a range of views on China this year, what to look at for signs of improved Chinese confidence, and PGM outperformance. Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/67FDB434-B00F-4266-91B3-EFEEEFB503D9.PDF To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclos...

In this short (8 min) podcast we discuss the various forms of supply disruption afflicting metals and bulk commodity markets over the year to date, why Omicron may make this Chinese New Year a little different, and our balance for nickel this year. Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/AED3B213-2D5F-4EE1-A5CD-BEDA139374C6.PDF To access our full disclosures, please...

In this short (9 min) podcast we review the most interesting points from the metals and mining industry for 2021, look ahead to what 2022 may bring, and discuss China’s recent growth-positive change of tack. Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/17DAAB71-C820-4C77-89C8-EB51D0957786.PDF To access our full disclosures, please visit: https://researchglobal0.bmocapita...

In this short (8 min) podcast we discuss current thinking around China policy, inflation impacts, US-Russia tension, and Omicron’s impact on metals supply. Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/83C06731-5E0E-444C-969D-B80490EC20B9.PDF To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this short (7 min) podcast we discuss the increasingly strategic nature of scrap, La Niña ramifications and the return of traditional gold buyers. Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/8E202DAA-27C9-409F-9DEF-EFE6D2F40B23.PDF To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this special edition podcast, we discuss the key findings from our recent report "Circle in on a Material Opportunity", which focuses on the circular economy. This includes analysis of opportunities and threats to metals markets, how key end sectors such as buildings and white goods could be altered, and other sectors where we see potential opportunities as circular behaviour gains traction. BM...

In this short (8 min) podcast we discuss the key points from our recently published circular economy report, the current situation in iron ore and coal markets and core policies in China’s “Xi Era”. BMO clients can view our report, "Circle In on a Material Opportunity", by visiting: https://researchglobal0.bmocapitalmarkets.com/research/e96e0644-24ab-422b-aee9-c4708a242ddc/ Episode transcript: htt...

In this short (8 min) podcast we discuss what caused the sharp move in copper last week, China’s current property situation, and how the magnesium situation will bring more focus to critical metals. Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/9C77E7C6-514C-4684-91E2-9A9388CC4404.PDF To access our full disclosures, please visit:  https://researchglobal0.bmocapitalmarkets...

In this short (8 min) Metal Matters podcast we discuss feedback from LME Week, the knock-on implications from the global energy crisis, and the key conclusions from our recently published copper report. BMO clients can view our report, "Rethinking the Long-Term Copper Challenge", by visiting: https://researchglobal0.bmocapitalmarkets.com/research/52b25693-0a56-46d0-8987-30a4359d1f4f/ Episode trans...

In this short (8 min) Metal Matters podcast, we discuss the knock-on effects of China’s power rationing, central bank policy, and what we expect from the forthcoming LME Week discussions. BMO clients can view our report, "Q4 2021 Commodity Price Update - Surprises Shift From Demand to Supply", by visiting: https://researchglobal0.bmocapitalmarkets.com/research/8d79e3cb-c27a-4083-97ec-52ec01ce62df/...