Insight Conversation: Christopher LaFemina, Jefferies

Jun 05 12:06 2020 Print This Article

Christopher LaFemina is managing director, global metals and mining equities research at Jefferies, a global investment bank and financial services company. He talked to Diana Kinch and Paul Hickin about metals market trends as the COVID-19 crisis gradually eases, and how the industry might develop in the longer term.

Christoper LaFemina, Jefferies LLC

Metals prices have been on a rollercoaster since the beginning of the COVID-19 crisis. Many metals have now moved into a surplus, which presents a new problem. Can we expect volatility to diminish now that many countries are emerging from lockdowns?

I would say the volatility in metals markets has been driven by two separate, but both critically important factors. First is obviously the demand impact from the coronavirus. We had a collapse in demand in China in January and February. China has begun to recover, but US and European demand has been very, very weak. And the significant weakness in demand globally has driven a lot of the volatility in the markets.

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The Barrel

S&P Global Platts provides market insights so people can make more informed trading and business decisions.. They're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to their expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping. S&P Global Platts provides critical information for the commodities & energy markets to make physical commodity markets more transparent and efficient. S&P Global Platts blog, The Barrel, provides the essential perspective on global commodities.

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