Grand Hyatt Shanghai 上海金茂君悅大酒店第十屆

Co-organisers
in association with
第十屆亞洲銅業大會
10
th Asia
10 Asia
th
第十屆亞洲銅業大會
Conference
18-20 November 2014
Conference
2014年11月18-20日
Grand Hyatt Shanghai • Pudong Shangri-La, East Shanghai
上海金茂君悅大酒店‧上海浦東香格里拉大酒店
19-20 November 2014 2014年11月19-20日
Grand Hyatt Shanghai 上海金茂君悅大酒店
• Hon. Aurora Williams, Minister of Mining, Government of Chile, Chile
• Nelson Pizzaro, President & Chief Executive Officer, Codelco, Chile
• Javier Targhetta, Senior Vice President Marketing & Sales, Freeport-McMoRan & President,
Atlantic Copper, Spain
• Yuneng Wu, Vice President, Jiangxi Copper Co. Ltd., China
• Oscar González Rocha, President & Executive Director, Southern Copper Corporation, Peru
• Dr. Stefan Boel, Executive Board Member for Business Unit Copper Products, Aurubis & Chairman,
International Wrought Copper Council (IWCC) Belgium
• Garry Jones, CEO, London Metal Exchange (LME), UK
• Senior representative, Shanghai Futures Exchange (SHFE), China
• Marcos Kulka, CEO, FUNDACIÓN CHILE, Chile
• Ireen Musonda, Principal Economist, Ministry of Finance, The Government of the Republic of
Zambia, Zambia
• Jinbi He, Chairman and CEO, Maike Metals Group, China
• Don Smale, Secretary General, International Copper Study Group (ICSG), Portugal
• Victor Zhou, Director, International Copper Association China, China
• Alberto Salas, President, Sociedad Nacional de Minería, SONAMI, Chile
• Senior representative, China Minmetals Corporation, China
• John Tivey, Global Head of Mining & Metals, White & Case, Hong Kong
• Xuemin Guo, Vice General Manager, Dongying Fangyuan Nonferrous Metals, China
• Jeremy Goldwyn, Head of Business Development Asia, Sucden Financial, UK
• Michael Lion, Chairman and Director, Sims Metal Management Asia Ltd., Hong Kong
• Ivan Szpakowski, Vice President, Commodities Research, Citigroup, China
• Raju Daswani, Managing Director, Metal Bulletin, UK
• Vivienne Lloyd, Senior Analyst, Macquarie Commodities Research, UK
Silver Sponsor
Tel: +44 (0) 20 7779 7222 / +852 2912 8038
Bronze Sponsors
Email: [email protected]
Book for both
Asia Copper
Conference &
Molybdenum
Market Forum
NOW & SAVE
US$600
Media Partners
Supporting Organisation
Web: www.metalbulletin.com/events/ac
第十屆亞洲銅業大會
10 Asia
th
Conference
Metal Bulletin Events is pleased to celebrate the 10th anniversary of
its Asia Copper Conference this November in Shanghai. As the official
event of CESCO’s Asia Copper Week, and staged in conjunction with both
CESCO and China Minmetals Corporation, the conference will provide
senior copper industry executives with the opportunity to network with
old friends, establish new relationships, and engage in key discussions
on the future challenges and opportunities facing the regional and
global copper markets as we move into 2015.
An excellent meeting to be in touch
with the leaders in the copper
industry around the world.
Osvaldo Bascur
Global Mining and Metals Industry
Principal, OSIsoft
The wide array of speakers spanning
the length and the breadth of
anything one has to do with copper,
coupled with the networking
possibilities, makes this an event that
cannot be missed.
Topics to be covered during this year’s conference include:
•New copper supply coming into the market
•Global copper mining projects and investment challenges in project
development and financing
•China’s refined copper production - strategies in securing copper raw
materials
•Smelting capacity and demand growth across Asia-Pacific
•Copper scrap market outlook and its relation to primary sector
development
•Copper concentrates supply from Asia - news from Mongolia and the
latest on Indonesia’s export ban
•Exchanges, their strategies and the warehousing issue
Asia Copper Conference
Attendees in 2013 by industry sector
53%
10
9% 8%
10
0
www.metalbulletin.com/events/ac
13%
9% 8%
6% 6%
6% 6%
3%
3% 3%
13%
3%
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30
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Eugenio Zampini
Commercial General Manager,
Paranapanema
60
53%
3%
This event discussed the most
important issues for clients and
suppliers of the copper industry
Asia Copper Conference
Attendees in 2013 by region
60
19%
Pinaki Rath
Founder & Managing Director,
Gold Matrix Resources
About Asia Copper Week
Asia Copper Week is a world class event organised by the Center for Copper and Mining Studies – CESCO
- and the Shanghai Futures Exchange. This will be the third year of being held in Shanghai, and is
scheduled to run from the 18th – 20th November.
The Asia Copper Dinner, the central event of the Asia Copper Week, will be held on the evening of the 20th
November. Welcoming over 1,500 dinner guests last year from the biggest and most important companies
around the world, this year the dinner will again see the participation of top executives from mining
companies, metal manufacturing companies, investment banks, metal traders, engineering and shipping
companies, amongst others, from around the world.
Please refer to http://www.asiacopperweek.com if you
require more detailed information about CESCO Asia
Copper Week and the Asia Copper Dinner.
Contact information:
( + (56 2) 2 481 4300
* [email protected]
第十屆亞洲銅業大會
10th Asia
Conference
18-20 November 2014 2014年11月18-20日
Grand Hyatt Shanghai 上海金茂君悅大酒店
AGENDA
PRE-CONFERENCE REGISTRATION AND
LME/HKEx WORKSHOP, 18 Nov 2014
Pudong Shangri-la, East Shanghai, China
會前註冊與倫敦金屬交易所/香港交易與結算
專題研討會, 2014年11月18日, 週二
中國上海浦東香格里拉大酒店
1530 Opening of the Registration desk and
afternoon refreshments
會議前註冊與茶歇
1600 Opening remarks
倫敦金屬交易所總裁致歡迎詞與開幕詞
Garry Jones, CEO, London Metal Exchange (LME), UK
*This complimentary Workshop is only open to
registered delegates of 10th Asia Copper Conference
and 2nd Molybdenum Market Forum
*此免費專題研討會僅對第十屆亞洲銅業大會與第二
屆鉬國際市場論壇之所有註冊代表開放
1610 Overview of the HKEx/LME Commodities
Strategies in Asia
倫敦金屬交易所與港交所在亞洲地區的大宗商品市
場戰略概覽
Rebecca Brosnan, Managing Director & Head of Asia
Commodities, Hong Kong Exchanges and Clearing Ltd,
Hong Kong
1640 New products briefing – LME RMB Mini Futures
新產品介紹: 倫敦金屬交易所人民幣結算的小期貨合
約有關最新信息介紹
Bonnie Liu, Senior Vice President, Asia Commodities
department, Hong Kong Exchanges and Clearing Ltd,
Hong Kong
1720 Q&A
互動交流與提問回答環節
1800 Close of forum followed by cocktail reception
會議結束及會議雞尾酒會
DAY ONE, WEDNESDAY, 19 NOVEMBER 2014
Grand Hyatt Shanghai, China
會議第一天, 2014年11月19日, 周三
中國上海金茂君悅大酒店
0730 Registration and morning coffee
會議注冊與早茶
0900 Opening remarks and welcome address
from CESCO
CESCO致歡迎詞與開幕詞
0910 Remarks from SHFE
上海期貨交易所致歡迎詞與開幕詞
Senior representative, Shanghai Futures Exchange
(SHFE), China
0915 Welcome remarks
智利礦業部長致大會歡迎辭
Hon. Aurora Williams, Minister of Mining,
Government of Chile, Chile
0930 Session I: Executive industry panel
會議第一節: 銅企高層開幕論壇
Are we at the turning point for the global copper
industry?
全球銅市, 是否處在供需關係與行業發展的轉折點?
• World copper concentrates production and supply –
perspectives for 2015-2020
• Growing cost pressures and budget control policies – the view
from the smelters and miners on decreasing ore grades
• Investment in Greenfield projects and project financing challenges
• The Indonesian export ban and the effect on concentrates supply
• Where is the new smelting capacity coming from and how much?
• How will TC/RCs change for the first half of 2015 considering
the market balance and availability of clean cargo?
• Cathodes vs concentrates and the surplus issue
• Producers’ point of view - are we seeing a fundamental change
in the copper trading market with investment banks exiting
and traders/newcomers entering?
Panel speakers include:
• Nelson Pizzaro, President & Chief Executive
Officer, Codelco, Chile
• Oscar González Rocha, President & Executive
Director, Southern Copper Corporation, Peru
• Yuneng Wu, Vice President, Jiangxi Copper Co.
Ltd., China
• Javier Targhetta, Senior Vice President Marketing
& Sales, Freeport-McMoRan & President, Atlantic
Copper, Spain
• Garry Jones, CEO, London Metal Exchange (LME), UK
• Dr. Stefan Boel, Executive Board Member for
Business Unit Copper Products, Aurubis &
Chairman, International Wrought Copper Council
(IWCC), Belgium
Note: This programme is provisional only and both timings and content may be subject to change.© Metal Bulletin PLC 1030 Morning refreshments and networking
茶歇與自由聯絡
1100 Session II: Global market balance and new
supply under scrutiny
會議第二節: 全球銅市供需與銅精礦新增供應情况
分析
ICSG market outlook
ICSG最新數據與市場報告
• Global supply status and output from major copper projects
• Demand outlook from key regions and countries
• International imports and exports – concentrates
and cathodes
Don Smale, Secretary General, International Copper
Study Group (ICSG), Portugal
1120 Copper mining investment and regulation
measures under the new Chilan government
新政府制度下智利銅礦投資與政策環境的新發展與
變化
Alberto Salas, President, Sociedad Nacional de
Minería, SONAMI, Chile
1135 Copper mining and supply from Chile
銅礦產業對智利國家經濟的推動
• Major copper projects under development and in pipeline
in Chile
• Concentrates supply and exports from Chile
• Supply and demand balance from 2015 onwards considering
the new supply from Chile
Joaquín Villarino, President, Mining Council, Chile
1150 Copper mining and supply from Peru – current
and future perspectives
秘魯銅礦項目開發與供應----現在情况與未來發展
• Copper mining investment in Peru - opportunities and challenges
• Supplying Asian market’s growing demand
Oscar González Rocha, President & Executive Director,
Southern Copper Corporation, Peru
1210 What to look for from Mongolia
蒙古銅精礦供應
• How complicated is the local mining environment and policies
for foreign players?
• Expected production output from Oyu Tolgoi project in 2015
• Is project financing a potential risk for the project and
production delay?
Peter Markey, Managing partner, Mongolia &Mining
and Metals Leader, China & Mongolia, Ernst & Young,
China
1230 Lunch 午餐
1330 Session III: Country mining policies in focus
and copper demand analysis
會議第三節:國家地區銅礦業聚焦與銅的下游需求
分析
Unleashing mining’s full potential and tackling sector
challenges - large scale innovations & technologies
creating knowledge intensive industries
大規模創新與技術革新——智利當局對於當地銅礦
產業的政策支持與具體措施推進
• World Class Suppliers Program
• Industry challenges tackled via open innovation
• Local content with global solutions and international
partnership opportunities
• The multiplier effect enabling knowledge intensive industries
and spillovers
• Fostering virtuous Public-private partnerships, new
government initiatives
Marcos Kulka, CEO, FUNDACIÓN CHILE, Chile
1350 Zambian economic development and copper
mining investment climate
贊比亞金融經濟發展與當地銅礦業發展投資環境
• Global economic development and its impact on the
Zambia economy
• Copper reserve and resources in Zambia
• Major undergoing copper projects in the region and
latest development
• General investment environment in the country
• Local mining code and related regulations
Ireen Musonda, Principal Economist, Finance Ministry,
The Government of the Republic of Zambia, Zambia
1410 Where do we see the demand growth in South
East Asia sectorally and geographically?
東南亞市場, 銅消費需求的新增長點?
• Reviewing the smelting and processing industries and trade
flow in South East Asia
• What industry sectors are seeing more copper usage across
South East Asia?
• What factors are driving copper usage in South East Asia in
the long term?
Victor Zhou, Director, International Copper Association
China, China
1440 Session IV: Panel discussion
Solutions to financing challenges of global copper
mining projects development
會議第四節: 嘉賓小組討論----全球銅礦項目開發中
的項目融資問題與解決方案
• Addressing the financing challenges facing mining companies
• Getting the financing and getting the mix right - bonds vs.
loans vs private equity?
• Is copper the new “gold” in investors’ perspective?
• Beyond the physical asset – what makes a project attractive to
developers and financers?
• Managing shareholder expectations and maintaining ROI
• Which regions and why are good investment destinations
for investors? -Geographic and political pitfalls facing
today’s investor
• Asian investments in the global mining industry
• M&A and strategic solutions
Panel speakers include:
• John Tivey, Global Head of Mining & Metals, White
& Case, Hong Kong
Note: This programme is provisional only and both timings and content may be subject to change.© Metal Bulletin PLC
1530 Afternoon refreshments and networking
茶歇與自由聯絡
1600 Session V: Copper trading and transactions
會議第五節: 銅現貨與期貨交易市場的最新發展與
變化
Session Moderator: Changwu Jiang, General Manager,
Minmetals Futures Co., Ltd, China
DAY TWO THURSDAY, 20 NOVEMBER 2014
會議第二天, 2014年11月20日, 周四
0800 Registration and networking breakfast
會議注冊與自由聯絡早餐
NEW FOR 2014
Growth of the metals futures trading market in China
中國期貨市場與上海期貨交易所2015年發展展望
• Who are the players and who can we expect to be players in
the future?
• New R&D on non-ferrous metal futures products
• Copper inventories
Senior representative, Shanghai Futures Exchange
(SHFE), China
1620 Internationalisation of the copper trading
markets – global exchange trading flows within the
base metals and precious metals sectors
銅與其他基本金屬貴金屬交易市場發展的國際化趨
勢
Join us to kick off the second day with our brand new
networking breakfast around the conference area.
Featuring bartenders serving everything from healthy
smoothies to virgin mary’s, themed food stations for your
home comforts, a live cooking station to test your skills
in the kitchen, and networking discussion zones led by
industry professionals, come and join us to shake off the
night before, and start your day with an alternative twist.
Garry Jones, CEO, London Metal Exchange (LME), UK
0930 Opening remarks from the Chairperson
主席致開幕詞,會議開始
• LME’s Asia-Pacific strategies - what next?
• Warehousing rule update
• Reviewing HKEX’s new copper mini futures product
launch - market share, participants involvement and future
development perspectives
1640 Key issues facing China’s non-ferrous metals
future market
中國有色金屬期貨交易市場發展與主要問題探討
• Rigid demand for copper and other base metals in China
• How will the current futures market develop over the
coming years?
• Warehousing issues
• Chinese involvement in the global market
• How will LME/HKEx strategies and Free Trade Zone launches
will change the future of the Chinese commodity futures and
warehousing markets
Jinbi He, Chairman and CEO, Maike Metals Group, China
1700 Panel discussion - what lies ahead for copper in
the international trading market?
嘉賓小組討論: 國際銅期貨市場的變化與熱議問題
探討
• Shanghai, Hong Kong or Singapore - which will emerge as the
Asian commodity power house over the coming years?
• Are we seeing a fundamental change in the face of the copper
trading market with investment banks exiting and traders/
newcomers entering
• How are smelters and concentrates producers involved in the
copper futures market?
• The Shanghai Free Trade Zone- who has the greater
opportunity, the SHFE or LME?
• Future development strategies of LME warehouses in China
and non-LME warehouses involved in international trading
• Arbitrage opportunities for copper going forward?
Panel speakers include:
Jeremy Goldwyn, Head of Business Development Asia,
Sucden Financial, UK
Rebecca Brosnan, Managing Director & Head of Asia
Commodities, Hong Kong Exchanges, Hong Kong
1740 Close of the first day
第一天會議結束
0940 Keynote address: Strategic challenges
for Codelco
主旨發言: 智利國家銅業在銅行業發展的戰略挑戰
Óscar Landerretche Moreno, Chairman, Codelco, Chile
1000 Session VI: Growth momentum from within
China
會議第六節: 中國經濟與銅工業發展是否仍然保持良
好勢頭?
Session Moderator: Bonnie Liu, Senior Vice President,
Asia Commodities department, Hong Kong Exchanges
and Clearing Ltd, Hong Kong
Strategies for securing stable copper supply
中國銅礦海外項目投資的最新進展與問題探討
•
•
•
•
Chinese imports of copper concentrates from overseas
markets in 2014
Chinese involvement in overseas copper mining projects
The latest from Las Bambas copper project in Peru and the
Chinese experience
Will we continue to see Chinese investors in the offshore
mining investment space?
Senior representative, China Minmetals Corporation,
China
1020 How much newly added smelting capacity is in
pipeline?
中國電解銅產量擴張和計劃中的新增產能
• Planned new capacity and production expansion of refined
copper – how much to expect and when they will come on
stream?
• Domestic consumption and meeting production output
• Will China become an exporter of refined copper?
• Environmental requirements and production cost curves in
China
Xuemin Guo, Vice General Manager, Dongying
Fangyuan Nonferrous Metals, China
Note: This programme is provisional only and both timings and content may be subject to change.© Metal Bulletin PLC
1030 Morning refreshment and networking
茶歇與自由聯絡
1140 Session VIII: Top market analysts’ panel
會議第八節: 市場分析圓桌討論
1100 Session VII: Are scrap metal processors and
dealers turning to Southeast Asia and other markets
around the globe to offset falling demand from China?
會議第七節: 廢銅市場發展最新動態及其與原生銅市
場的相互關聯
Will the window open for copper financing deals in
china again?
全球銅市供需變化情况、後期價格預測及全球銅市
場交易市場的變化
Moderator: Raju Daswani, Managing Director, Metal
Bulletin, UK
Global and Asian perspectives on scrap trade flows
全球與亞洲地區廢銅貿易
• Is manufacturing in South Korea, India and Thailand picking
up thus to be seen more as scrap merchants?
• Comparison between International and Chinese scrap prices
• Factors affecting price momentum
Michael Lion, Chairman and Director, Sims Metal
Management Asia Ltd., Hong Kong
1120 Are we moving away from scrap and towards
refined copper in China?
中國廢銅市場發展熱點問題解析
• Growth of Chinese domestic scrap supply
• Scrap economics - refined copper/scrap switching, concentrate/
scrap switching and import incentives
• Environmental and regulatory risks
Ivan Szpakowski, Vice President, Commodities Research,
Citigroup, China
• What will production levels be in 2015 and any risks to delay
the supply to the market?
• Emerging markets supply and production timescales
• Will producers be willing to raise TC/RCs under the supply
surplus?
• Will the refined copper market also turning to surplus in the
coming years?
• Things to watch behind the investment banks exiting
• Is the effect of Qingdao investigation persisting? How has it
affected the market in terms of inventory, prices, and banks
and traders’ behaviour?
• Price, volatility and premium forecasts
Vivienne Lloyd, Senior Analyst, Macquarie
Commodities Research, UK
1230 Close of conference followed by lunch
會議結束及午餐
Friday, 21st November 2014
(Optional) Hangzhou Post-event Trip
Supported by
Minmetals Futures Co’, Ltd.’
Copper art – more than just a commodity...
In the world of metals & mining, copper is a
commodity to be mined, traded and utilized
in industry. But in the eyes of artists, copper is
much more – considered one of the best metals
to work with.
As the closing event to a week of conference
speeches and networking events, Metal Bulletin
Events, CESCO and Minmetals are delighted to
be hosting a full day tour to Hangzhou on 21
November 2014, for delegates and their spouses
to visit the South China Bronze House, West
Lake & Leifeng Pagoda.
For more details, please visit the event website
or contact us at
+44 (0) 20 7779 7222 / +852 2912 8038.
Provisional Travel Schedule
07:15 Coach pick-up at Jinmao Tower
07:30 Bus transfer to Hangzhou
10:30 Arrive in Hangzhou and tour of Leifeng
Pagoda - bilingual guides
11:30Lunch
13:00 Visit Hefang Street
13:30 Tour of Zhu Bingren Bronze Art Museum
15:30 End of tour and return bus transfer to
Shanghai
18:30 Arrival at Jinmao Tower in Shanghai
Note: This post-event trip is open only to registered
delegates for the 10th Asia Copper Conference and/or
2nd Molybdenum Market Forum and their spouses
Note: This programme is provisional only and both timings and content may be subject to change.© Metal Bulletin PLC
Sponsorship & Exhibition
opportunities
Ensure your company is promoted at these world class
copper and molybdenum events. Join us and showcase your
company’s brand and competitive edge to decision makers
within the industry.
What’s available
• Welcome reception
• Delegate bag sponsor
• Lunch and refreshment breaks
• Exhibition space
• Writing folder
• USB stick
We welcome your ideas regarding sponsorship or exhibition
opportunities and are happy to work with you to tailor a
package to suit your needs.
Why exhibit?
Exhibiting at the Asia Copper Conference or Molybdenum
Market Forum is an investment into your company’s future
success. Whether your goals are to increase your market share,
launch a new product, increase brand awareness, penetrate
a new market sector or increase your sales, these events will
provide you with the ultimate tool to achieve these goals by
delivering a targeted audience of over 300 decision makers.
For sponsorship & exhibition opportunities, please contact:
Tracy Zhang
Tel +852 2842 6902 (Hong Kong)
+8621 5877 0857 Ext. 17 (Shanghai)
Email [email protected]
Some of the companies that
attended last year:
• Almina
• Alpert & Alpert
• Augusta Resource
• Aurubis AG
• Bank of China (Hong Kong)
• Bechtel Australia Pty Ltd.
• Blenheim Capital Mamagement
• Central Bank of Chile
• Chilean Mining Association (SONAMI)
• China Development Bank
• China Minmetals Corporation
• Clive Capital LLP
• Cliveden Trading AG
• CODELCO
• Credit Suisse
• Cunext Copper Industries SL
• Daye Nonferrous Metals Co.
• Delphi Derivatives Ltd.
• Deutsche Bank AG London
• Elliott Management
• Erdenet Mining Corporation
• Freeport-McMoRan Copper & Gold
• Goldman Sachs
• Government of Chile
• Hong Kong Exchange and Clearing Ltd.
• Hong Kong Mercantile Exchange
• Hussey Copper
• International Copper Association
• International Wrought Copper Council (IWCC)
• Investec Asset Management
• Jefferies & Co.
• Jiangxi Copper Co. Ltd.
• JP Morgan
• KGHM Polska Miedz S.A.
• Koch Supply & Trading
• KPME LLC
• Laboratory Services International BV
• London & Scandinavian Metallurgical Co. Ltd.
• London Metal Exchange
• LS-Nikko Copper
• Lundin Mining
• Macquarie
• Marmara Metal Mamulleri TIC
• Metallum Holding S.A.
• Mitsui & Co Ltd.
• National Iranian Copper Industries Co.
(NICICO)
• Newedge
• OSIsoft (Shanghai) Technology Co. Ltd.
• Pacorini Metals Switzerland
• Paranapanema
• Park Elektrik
• Rabobank Nederland Shanghai Branch
• Rea Magnet Wire Company Inc
• Red Kite
• Rio Tinto Trading Shanghai Co. Ltd.
• Sandfire Resources
• Shanghai Futures Exchange
• Sims Metal Management Asia Ltd.
• Sucden Financial
• Teck Resources
• The University of Tokyo
• Vtormet
• Xstrata Copper
Sponsor
Media Partner
Co-organisers
2nd
Molybdenum
Market Forum
第二屆國際鉬市場發展論壇
18 November 2014 2014年11月18日
Pudong Shangri-La, East Shanghai 上海浦東香格里拉大酒店
2014 has been a better year for the global molybdenum industry,
with international prices well supported by economic recovery and
healthy demand growth from European markets. China’s potential
changes on its resources tax regime and export tax and quotas,
new supply from both primary and by-product projects around the
globe, and improved international trading flows between China and
International markets have all contributed towards a much brighter
picture for the molybdenum industry.
Metal Bulletin Events’ 2nd Molybdenum Market Forum – also one
of the official events of CESCO’s Asia Copper Week - returns as the
warm-up to the main Asia Copper Conference, and will gather
molybdenum and ferro-molybdenum producers, traders, stainless
steel mills and other related bodies from around the globe for an
intensive one day event to discuss the hot topics facing the industry.
Key topics to be discussed:
•Latest developments in China’s resources taxes regime and changes
on export tax & quota - timeline on those new policies to be put
into practice, and how they will influence the industry
•Molybdenum mining projects and new concentrates supply
from China
•Production from primary and by-product mines in the West
Molybdenum Market Forum
Attendees in 2013 by industry sector
11%
2%
2%
2%
2%
21%
Producer
Trader
61%
Exchange
Roaster
Steel mill
Testing/inspection
Others
Molybdenum Market Forum
Attendees in 2013 by region
70
50
20
Email: [email protected]
9%
3%
3%
ng le
So Ko
ng
ut
h
Un Ko
ite rea
d
St
at
es
Ot
he
rs
5% 5%
Ho
Ch
i
ad
a
5%
Ca
n
•How will international trading and global market balances change
in 2015 and beyond?
a
0
d
8%
10
an
•Stainless steel sector recovery and molybdenum usage
30
in
•Are molybdenum prices well supported by genuine demand or is
there an arbitrage window between Western and Chinese markets?
40
Po
l
•World roasting capacity and ferro-molybdenum production to
supply the steel sector
Ch
•Molybdenum demand forecasts from China
Tel: +44 (0) 20 7779 7222 / +852 2912 8038
63%
60
Web: www.metalbulletin.com/events/mmf
2nd
Molybdenum
Market Forum
第二屆國際鉬市場發展論壇
18 November 2014 2014年11月18日
Pudong Shangri-La, East Shanghai 上海浦東香格里拉大酒店
AGENDA
0800 Registration and morning coffee
會議注冊與早茶
0850 Welcome address
主席致歡迎詞與開幕詞
0900 Session I: Worldwide molybdenum mine
production and new supply
會議第一節: 全球鉬礦生產與新鉬精礦供應
Codelco – Presenting the producer role in
projections, investment and market participation of
global molybdenum industry
Codelco在項目開發, 鉬領域新投資與國際市場參與的
最新更新
• How much new added supply will come from new and coppermolybdenum projects expansion and when?
• Expected processing capacity of molybdenum trioxide
and sulphuric acid by 2015 from the new Investment of
molybdenum plant construction in Mejillones
• Political uncertainty, production costs and climate changewhat else can impact production?
• Molybdenum global demand-Japan, Asian countries, Europe,
Latin America and others
Rodrigo Toro, Senior Vice President Commercial,
Codelco, Chile
0930 Chile mining economy under new government
and molybdenum output from Chile
新政府體制下智利礦業發展環境與智利鉬產出的
介紹
Joaquín Villarino, President, Mining Council, Chile
0945 New concentrates supply from China
中國鉬精礦新投產項目及其對于後期市場供應與價
格變化的有關影響
• Annual mining capacity, concentrates quality and project timelines
• The drag on pricing with new added supply
• The producers’ view on overcapacity in China
• Molybdenum chemical or ferromolybdenum-which to further
develop from the downstream?
Guoliang Lin, Deputy General Manager, YichunLuming
Mining Co., Ltd., China
1000 Session II: Regulation and Review of China
會議第二節: 中國鉬市場相關政策法規,與生產消費
情况最新發展
What do the changes in China’s resource tax regime
and export tax and quota mean for Chinese and
international markets?
跟踪中國對于鉬礦資源稅改革與鉬產品出口配額與
關稅規定的最新動態,及其對于中國乃國際鉬市場的
影響
• How high could the resources tax rate be and when could the
new tax policy emerge?
• Will we expect more mine shut-downs or further industry
consolidation after the higher resource tax is in place?
• How Chinese molybdenum producers view China’s export
policy development and future market development?
Nick Cao, Vice General Manager, Jinduicheng
Molybdenum Marketing Corp., China
1030 Economic outlook for the Chinese market
中國的宏觀經濟增長與有關行業政策對于鋼鐵行業
與鉬需求增長的支持
• Government measures to support Chinese economic growth
• Steel and stainless industry development within China
• Real estate industry development and policies update - any
stimulus to aid consumption?
Pei Wang, Deputy Research Director on Global Economy
and Bulk Commodities and General Manager of
Strategic Development Department, CEBM Group
Ltd., China
Note: This programme is provisional only and both timings and content may be subject to change.© Metal Bulletin PLC 1100 Morning refreshment and networking
茶歇與自由聯絡
1130 Session III: Dynamics of demand
會議第四節: 鉬下游需求分析
Global stainless steel industry developments and the
impact on the molybdenum market
全球不銹鋼特鋼市場發展與對于鉬作為原料的采購
需求
• Global macroeconomic outlook and stainless steel industry
development across the USA, Europe and Asia
• What are the main factors affecting usage for molybdenum in
stainless steel?
• Latest developments in raw materials sourcing by
steel producers
Dr. Frank Ehrenberg, Raw Material Procurement,
Outokumpu, Germany
1200 Examining molybdenum demand and
consumption trend from global steel industry
development
從全球鋼鐵行業發看鉬的今後需求趨勢
• Steel production and investment in USA, Europe and Asia
• Molybdenum usage in the steel sector - historic reviews and
future trends
• How about the specialty steel sector development?
• Can we expect an upgrade of steel grades and increase in
special grade steel market share in China after 2015?
Ian Roper, Commodity Strategist, CLSA, Singapore
1230 Updates of Sierra Gordaproject and new and
cutting edge applications for molybdenum
Sierra Gorda鉬礦項目的最新進展與產出情况, 以
及鉬在其他全新領域的應用與今後發展
• Project status and production output of Sierra Gorda
• More than just steel – molybdenum applications in other areas
• How may molybdenum be key to new technologies?
• How will molybdenum save lives in the future?
Kevin Pritchett, Head of Molybdenum Sales &
Marketing, KGHM International, Canada
1300 Lunch 午餐
1400 Session IV: Global vs. Chinese
molybdenum markets
會議第三節: 中國與國際鉬市場焦點對接
Producer’s perspectives and production from primary
vs by-product mines
鉬生產商對于全球鉬行業發展的展望與原生伴生礦
生產問題的看法
• By-product vs primary production - perspectives on production
cost and grades
• Where is the primary or by-product project expansion
coming from?
• Global demand for molybdenum oxide and ferromolybdenum
• Recovery and demand pick-up from North American markets
• Molybdenum chemical products and downstream demand
1430 Industry roundtable-Will 2015 be the year of
molybdenum?
鉬行業圓桌討論: 機遇與挑戰並存----即將到來的
2015年對于全球鉬行業是否會是值得期待的一年?
• Will investors’ confidence be restored?
• Challenges to western and Chinese molybdenum producers
• Will we expect to see new and larger Chinese mines replacing
smaller high-cost mines and further industry integration after
China raises its resources tax?
• Who are the players setting up the offshore roasting capacity?
• When the shut-down roasting capacity will be resumed?
• Chinese vs European prices
• Inventories relative to global price changes
• Are we expecting exchanges to play a bigger role in the
molybdenum industry going forward?
Panel speakers include:
•Nick Cao, Vice General Manager, Jinduicheng
Molybdenum Marketing Corp., China
•Andreas Keller, Vice President, Scandinavian Steel
AB, Sweden
•Zhongqiang JIANG, Assistant General Manager, China
Molybdenum Co. Ltd., China
•Kevin Pritchett, Head of Molybdenum Sales &
Marketing, KGHM International, Canada
•Wei QIAN, General Manager, Alloy Business,
Baosteel Resources, China
1530 Afternoon refreshment and networking &
Registration for LME/HKEx Workshop
茶歇與自由聯絡及倫敦金屬交易所/香港交易所專題
研討會簽到注冊
*This complimentary Workshop is only open to registered
delegates of 10th Asia Copper Conference and 2nd Molybdenum
Market Forum
*此免費專題研討會僅對第十屆亞洲銅業大會與第二屆鉬國際市
場論壇之所有註冊代表開放
LME Workshop: Introduction of LME RMB Mini
Futures in Hong Kong
倫敦金屬交易所專題研討會: LME在香港推出的人
民幣小型期貨合約介紹
1600 Opening remarks
倫敦金屬交易所總裁致歡迎詞與開幕詞
Garry Jones, CEO, London Metal Exchange (LME), UK
1610 Overview of the HKEx/LME Commodities
Strategies in Asia
Rebecca Brosnan, Managing Director & Head of Asia
Commodities, Hong Kong Exchanges and Clearing Ltd,
Hong Kong
1640 New products briefing – LME RMB Mini Futures
Bonnie Liu, Senior Vice President, Asia Commodities
department, Hong Kong Exchanges and Clearing Ltd,
Hong Kong
1720 Q&A
互動交流與提問回答環節
1800 Close of forum followed by cocktail reception
會議結束及會議雞尾酒會
Note: This programme is provisional only and both timings and content may be subject to change.© Metal Bulletin PLC WEB
Asia Copper Conference
18 -20 November 2014 • Grand Hyatt Shanghai, China
Molybdenum Market Forum
18 November 2014 • Pudong Shangri-La, East Shanghai, China
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10th Asia Copper Conference (18-20 November 2014)
Pudong Shangri-La, East Shanghai & Grand Hyatt Shanghai, China
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Pudong Shangri-La, East Shanghai, China