28th International
Copper
Conference
26-27 February 2015
The Hotel Brussels – Brussels
Linking up the supply chain to foster
debate and global industry growth
Confirmed speakers include:
l Javier Targhetta, SVP, Freeport-McMoRan, USA & President, Atlantic Copper, Spain
l Ulrich Becker, CEO, KME Germany GmbH, Germany
l Steven Din, CEO, Konkola Copper Mines, Zambia
l Stefan Boel, Executive Board Member, Aurubis AG, Germany
l Raj Kohli, Global Head of Mining & Metals, Standard Bank, UK
l Paul Benjamin, Principal Analyst – Copper Markets, Wood Mackenzie, UK
l Carme Saez, Strategic Marketing Director, La Farga Group, Spain
l Juan Carlos Guajardo, Executive Director, Plusmining, Chile
l Mark Loveitt, President, International Wrought Copper Council, UK
l Josie Armstrong, Head of Consultancy, Integer Research, UK
l Masatoshi Kawada, Planning & Coordination Dept. (Research Team), Pan Pacific Copper, Japan
lTim Smith, VP Copper Technology Mining & Metallurgy, SNC Lavalin UK Ltd, UK
l Lu Ganping, General Manager, JCC Jinrui Futures, China
l Monica di Cosimo, Co-founder and Partner, Cu2 Consulting, Italy
l George Cheveley, Portfolio Manager, Investec Asset Management, UK
l Dan Smith, CEO, Dan Smith Commodities Research Ltd, UK
l Natasha Kaneva, Executive Director Global Commodities, J P Morgan, USA
l John Schonenberger, Chief Executive, European Copper Institute, Belgium
l Matt Chamberlain, Head of Business Development, London Metal Exchange, UK
l Karim Awad, Founder, Sigma Commodities, Hong Kong
PLUS
Optional field trip
to Aurubis’
Olen refinery
“Reliable forecasts for the future in a marathon one and a
half days. Excellent.”
Carmelo Maria Brocato, Vice President, Continuus Properzi
Tel: +44 (0) 20 7779 7222 Email: [email protected] Web: www.metalbulletin.com/events/copper
28th International
Copper
Conference
26-27 February 2015 • The Hotel Brussels, Brussels
“Well thought out and
organised as always, Metal
Bulletin Events is a clear
leader in its industry.”
Lisa Guy, Corporate Coverage Officer,
Societe Generale
“First-hand information
and important contacts
– a perfect event.”
Thomas Holandt, Primary Copper Vice President,
Aurubis
Reasons for
Surplus or deficit? And what does it
mean for prices, premiums and TCS? attending
Just a couple of the questions absorbing the minds of
copper market players as we head into 2015. There is
no doubt concentrate is more abundant than ever
this year, and, according to the ICSG, the refined
market will move into surplus in 2015 after five years
of deficit. However scrap supply is tight and demand
appears to be strong in many regions and
applications. The market had been expected to
move sideways in 2015 but as we know, copper has a
habit of surprising and the recent slump in copper
values to well under $6,000/tonne took many in the
market by surprise. In such a finely balanced
marketplace, it is difficult to pinpoint when, how fast
and in which direction copper’s next move will be.
However, Metal Bulletin’s International Copper
Conference will once again provide the first
opportunity of 2015 for the global copper community
to come together and gauge where the red metal is
headed over the near, mid and longer term, and to
discuss what this might mean in terms of values,
order books and investment plans. Join upwards of
150 senior industry executives from around the globe
and all along the industry chain in Brussels for expert
industry insight and exchange.
companies
based in
countries
2014 delegate breakdown
l INTEGRATED PRODUCER
l BANK/BROKER
l TRADER
l LOGISTICS & WAREHOUSING
l SERVICE PROVIDER
l FABRICATOR
l RECYCLER
l CONSUMER
l FUTURES EXCHANGE
l MINER
l ASSOCIATION
Gauge...
the true strength of copper market
demand to help you in your business plans
Gain...
Seek...
140 98 28
delegates
with a large number of copper industry
decision-makers – from miners to
consumers – from around the globe
a better understanding of where most
copper will come from and where it will be
consumed in the coming years
In 2014 the International Copper
Conference welcomed...
from
Network...
29%
15%
15%
8%
7%
6%
6%
5%
4%
4%
1%
out new investment opportunities to keep
one step ahead of the competition
Gain...
first-hand experience of the European
copper producing business with a
pre-conference visit to Aurubis’ Olen
refinery and casthouse operations
Wednesday 25 February 2015
11:45
• In cost terms where will new supply need to be in order to meet
lender criteria?
• Which projects offer the best in term of margins and cash flow?
• Capex inflation – with some investments in excess of $4bn, who will
provide the funding and at what copper price?
• Does financing remain a major headache for the lower and
mid-tier miner?
• How are changing mining policies and tax structures creating
additional development risk?
09:00 Departure on optional field trip to
Aurubis’ Olen refinery
17:00 Registration desk opens
18:00 Cocktail reception
Raj Kohli, Global Head of Mining & Metals,
Standard Bank, UK
Day one:
Thursday 26 February 2015
12:15
09:15
Senior copper executives examine and discuss
global industry challenge and strategy
• The macreconomic outlook and what this means for copper demand
• China, China, China – where is the world’s biggest player having
greatest impact today?
• How will geopolitical issues shape the global copper landscape as we
head toward the next decade?
• Export restrictions, higher taxes, increased royalties, conflict minerals,
environmental legislation – how should the mining industry respond?
• Where does investment need to be focused today in order to ensure a
growing, profitable and sustainable copper industry in the future?
• Growing copper usage: are current R&D, education and marketing
initiatives enough to maintain the upward momentum?
• From selling production to offering solutions – how can this open up
new markets for copper and its alloys?
• Are miners responding fast enough to the challenge of finding good
quality, large-scale and accessible orebodies?
• Accountability, integrity, respect and collaboration and their role in
sustainable production
• Emissions, spills and accidents – is copper mining doing enough on the
HS&E front?
Panellists include:
Ulrich Becker, CEO, KME Germany GmbH, Germany
Raj Kohli, Global Head of Mining & Metals,
Standard Bank, UK
Javier Targhetta, SVP, Freeport-McMoRan, USA &
President, Atlantic Copper, Spain
Stefan Boel, Executive Board Member,
Aurubis AG, Germany
10:45 Refreshment break
11:15
Lunch
Session III: Digging deeper
into regional supply dynamics
09:00 Opening remarks
Executive Industry Panel
Mine economics and financing options
14:00 Can Chile remain king of copper and Codelco the
jewel in the crown?
• Where does the country stand today in terms of resources, reserves
and output?
• How much new production is there in the pipeline?
• What impact will lower grades, taxes, energy and water supply have
on future output and profitability?
• $23.5bn simply to stand still in tonnage terms; what more can Codelco
do to raise production over the longer term?
Juan Carlos Guajardo, Executive Director,
Plusmining, Chile
14:30
Reassessing the Copperbelt’s competitive edge
• What are the main operational, infrastructure and fiscal hurdles for a
large producer in the Copperbelt?
• What benefits or indeed drawbacks does vertical integration offer?
• Can government and stakeholders in Zambia find a solution that is fair
to all and also sustain industry growth?
• Balancing employment creation with automation and profitability
• How are the development of Konkola Deep and other projects at KCM
helping to preserve margins and restore production levels?
Steven Din, CEO, Konkola Copper Mines, Zambia
15:00 Refreshment break
Session IV: Global markets
panel – the analysts share and
compare views
15:30
LME: reflecting global supply and demand in the
copper price
Session II: Mine supply under
the microscope
• The role of the LME in reflecting global fundamental and
technical drivers
• Interplay between physical and financial users
• Safeguarding the integrity of the LME price
• LME initiatives to enhance liquidity on its market
Examining the concentrate:smelter balance – is it
truly a buyer’s market today?
Matt Chamberlain, Head of Business Development,
London Metal Exchange, UK
• Will the current easier supply conditions continue through into
2016-2017?
• The disruption factor – how much existing supply has been lost and
are mining developments on track?
• How is the changing composition of concentrates impacting on real
availability for the smelter?
• Are we seeing a two-tier concs market emerging?
• The mine production cost curve – how much of current production
is vulnerable?
Paul Benjamin, Principal Analyst – Copper Markets,
Wood Mackenzie, UK
16:00 The Markets Panel – the analysts share and
compare views
• What key economic factors are driving copper demand and prices –
in Europe, Asia, the Americas?
• From mine to market where the surpluses and where are the deficits?
• So far disruptions have limited mine supply growth but will we see a
glut of concentrates hit the market in 2015?
• Will increased mine supply lead to “dumping” of concs in 2016?
• What do they all add up to – and is the overall impact more
sentimental than real?
• How much of a swing factor are scrap supply and prices? Has their
impact diminished as concs supply increases?
• High usage growth figures – fact or fiction? Is demand for end-use
or hording?
• Where are the stocks of refined copper, and how much?
• How real is Chinese demand growth or is most just restocking for
better days?
• Which market segments are showing greatest strength? How is this
being reflected in fabrication rates?
• What expectations for prices, premiums and TC/RCs as we move
through 2016?
• Will terminal market developments impact much on market dynamics?
• What impact are changes in liquidity amongst Chinese banks having
on copper?
• How are financial aspects affecting true levels of copper demand in China?
Panellists include:
Natasha Kaneva, Global Commodities, J P Morgan, USA
Masatoshi Kawada, Planning & Coordination Dept.
(Research Team), Pan Pacific Copper, Japan
George Cheveley, Portfolio Manager,
Investec Asset Management, UK
Dan Smith, CEO,
Dan Smith Commodities Research Ltd, UK
Karim Awad, Founder, Sigma Commodities, Hong Kong
17:30
09:40 Smelting and refining industry growth in China –
has the industry plateaued?
• How are legislation and government reforms impacting on capacity
and investment?
• Do imports/overseas investment offer an adequate solution for
demand growth needs or is more domestic capacity required?
• How easily can the Chinese industry switch between concs and scrap?
• What of energy, sulphuric acid, labour and other inputs? How are
these impacting on smelter and refinery profitability?
Lu Ganping, General Manager, JCC Jinrui Futures, China
10:30
Refreshment break
Session VI: Keeping demand
on an upward track
11:00
Introduction and chairman:
John Schonenberger, Chief Executive,
European Copper Institute, Belgium
11:15
Global demand analysis – is it still all China?
• Will it be largely the emerging markets that continue to drive
demand growth in absolute terms?
• Is usage in new applications revitalising growth in the older
established markets?
• Does price and volatility still remain a threat in certain end-markets?
• Global competitive challenges in the copper semis trade
Mark Loveitt, President, International Wrought
Copper Council, UK
11:45
Close and post-session networking drinks
Structural change and the competitive challenge in
the global wire and cable business
Friday 27 February 2015
• Does copper’s biggest end-use market continue to show strong
growth rates?
• Which applications and geographical regions are driving usage?
• Has consolidation slowed? Does overcapacity in some areas remain
an issue?
• The rise and rise of Chinese wire and cable – what does this mean for
the industry health as a whole?
• Material substitution – is copper winning or losing ground?
09:00 Opening remarks
Josie Armstrong, Head of Consultancy,
Integer Research, UK
Day two:
Session V: Moving midstream
– examining the smelter and
refinery segment
12:15
Panel discussion: Fabricators and manufacturers
discuss downstream and consumption trends
and dynamics
• How is the fabricating business faring today in terms of margins and
financial health?
• Structural and financial hurdles – does there need to be further
consolidation of the sector?
• Where is more investment needed – rolled products, rods, tubes,
engineered products, etc?
• How well positioned is the downstream supply base to meet growth?
• How are order books from the construction, electrical, transportation
and HVAC sectors?
• As aluminium prices firm and copper remains stagnant to weak, have
substitution dynamics altered?
• Copper’s application in high-tech, health, environmental and
renewable energy applications – what opportunities do these provide
for the fabricator?
Panellists include:
09:10 Is global capacity positioned to address
concentrate supply and metal needs?
• With concentrate back in surplus, how have smelter and refinery
economics improved?
• Using scrap in the feed mix to keep costs down – what adaptations
need to be made for optimal throughput?
• How are sulphuric acid market dynamics impacting on
copper smelting?
• Is more – or more precisely – more modern capacity needed
and where?
Tim Smith, General Manager, JCC Jinrui Futures, China
Monica di Cosimo, Co-founder and Partner,
Cu2 Consulting, Italy
Carme Saez, Strategic Marketing Director, La Farga
Group, Spain
13:00
Close and lunch
Metal Bulletin Events reserve the right to alter the venue, timings and/or speakers. ©Metal Bulletin Events, part of Euromoney Trading Limited
Sponsorship & exhibition opportunities
What’s available?
Host a delegate lunch
Entertain a large number of existing and potential clients
Delegate bag sponsor
Your company logo on the move for maximum effect
Exhibition space
Showcase your company, increase your brand
awareness and enhance your networking
opportunities by becoming a sponsor of the 28th
International Copper Conference. Sponsorship
opportunities developed by Metal Bulletin Events
have become essential tools for organisations in
fulfilling their marketing objectives. There are a range
of sponsorship opportunities which will enable your
company to raise its brand profile before, during and
after the event, as well as highlighting your company
to an audience of senior executives and key decision
makers from across the industry.
Showcase your business with an exhibition stand and take advantage of the
opportunity to discuss the products and services your company has to offer
Platinum, Gold & Silver branding
Stand out from the rest and ensure your logo is on the conference stage, all
event banners and other marketing material, which is distributed to thousands
of professionals in the marketplace
For sponsorship and exhibition opportunities
Please contact...
Charles Osborne
Tel: +44 (0) 20 7779 8109
Email: [email protected]
Optional field trip
Aurubis’ Olen refinery: Wednesday February 25 2015
Aurubis is the leading integrated copper group and the world’s largest copper recycler. It produces
some 1m tpy of copper cathode and from this a variety of copper products. Aurubis has about 6,500
employees, production sites in Europe and the USA and an extensive service and sales system for
copper products in Europe, Asia and North America. Aurubis’s complex at Olen in northern Belgium
has the capacity to produce 345,000 tpy of Grade A electrolytic cathode from blister and scrap, as well
as a range of cast, extruded and drawn products.
Delegates will depart Brussels on the morning of February 25 by bus for Olen where they will visit the
anode casting, refinery, Contirod line, Upcasting plant and continuous extrusion (Conform) and cold
drawing lines. After a light lunch hosted by Aurubis Belgium, they will return to Brussels in the early
afternoon in time for registration and the conference welcome reception.
Provisional itinerary:
09.00
Depart conference hotel
11.00
Arrive Olen for plant introduction
11.30
Tour of plant
13.00
Light lunch hosted by Aurubis Belgium
14.00
Depart for Brussels
16.00
Arrive conference hotel
Cost: €120 per person
Note: upon registration for the conference you will be sent more information on how to book onto the field trip to Olen.
WEB
28th International Copper
Conference
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26-27 February 2015 • The Hotel Brussels, Brussels
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Address: Avenue Louise, 315 (Ixelles/Elsene)
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Located right on Boulevard Louise, halfway between
the historic centre of Brussels and its green ‘lung’,
the Bois de la Cambre, the Brussels Hotel offers its
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housing the European Union institutions and the
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