The global commodity market’s hottest topics to be discussed in Fontanafredda

The 40th FARO Club Meeting will be staged on 13th and 14th November at the Fontanafredda tenements in Serralunga
d’Alba (Cuneo) at the very heart of the world-famous wine-producing Langhe area.

While a Networking and reception cocktail is to be held at 19,00 on Wednesday 12th November, works will start the following morning at 8,30, introduced by FARO founder Paolo Kauffmann’s opening speech. With Joint News Editor Fastmarkets Ltd’s Kathleen Retourne as a moderator, presentations are about to include The new products at the London Metal Exchange including premiums, by London Metal Exchange’s Head of Strategic Projects Oscar Wehtje; and the discussion Metal Markets: the present situation and the different views of producers, processors, consumers and brokers, also participated by Marco Calamia (Metal Business Director, KME Italy Spa), Fred Demler, INTL FCStone Inc.’s Global Head of Metals, Traderight CEO Steven Spencer and by the above mentioned Oscar Wehtje.
Paolo Kauffmann will offer the audience his Live intermarket analysis in the early afternoon, followed by a series of Outlooks on steel and ferrous metals, non-ferrous metals, precious metals and energy; and the Kerb Time covering such issues as primary and secondary aluminum; steel and scrap; zinc, lead, copper and, again, energy. TLSG International Advisors’ president Arrigo Sadun and Lettera Economica’s director Giorgio Arfaras will be opening the second day of works in Fontanafredda with an overview on the International Economic Scene: Europe - America - Asia - China - the Italian situation, while Riccardo Farisi, Partner and Investment Manager at SCM SIM Spa will talk about The financial market impact and the effects on interest rates. A new Forex risk management strategy session about Forex trading methodologies and options is scheduled between 2,30 pm and 4,30 pm on 14th November, aiming at explaining participants how to deal with the present market situation in an innovative way. Eugenio Boero (Cauvin Group’s Group Finance Director and AITI member); Montenegro Srl’s Head of Administrative Department Andrea Curti and Kommodities
Partners Sa’s Trader Andrea Guarneri are all expected to take part to the debate. Risks related to exchange rates in the dollar-area is in fact heavily impacting both importers and exporters on the global arena, and their influence has been growing steadily in recent times, due to markets recovering some 8% in value in the last quarter. Such case histories as Gruppo Montenegro’s, together with hands-on examples, will try to describe the best Risk Management strategies possible in order to gain competitive advantage regardless the challenging business scenario firms have to face nowadays.
A base metals market overview; an in-depth analysis of the global economy situation; the London Metal Exchange novelties - LME Clear and new announced products including futures on premiums - and a possible reduction in Chinese demand are also about to appear among the 40th FARO Club Meeting’s hottest topics.
«China will undoubtedly be a factor», INTL FCStone’s Senior Metal Analyst Ed Meir commented, «in that we would like to know whether the current slowdown we are seeing will translate into a hard landing. Keep in mind that the Chinese buy 40 to 60% of all the base metals we are discussing, so what happens to the economy is instrumental. But we are also going to be watching», Meir continued, «macro developments going forward; apart from the US, all other major regional economies seem to be slowing down». Meir also considered that «the course of the dollar is also quite important. Although it has weakened lately, we think it still is in a major uptrend and therefore could pressure commodities lower, at least over the short term», and concluded: « Finally, geopolitical intangibles have to be watched, such as the Russia-Ukraine crisis, developments in the Middle East, and the November deadline with Iran with regard to their nuclear program».

For more details about the meeting please visit www.faroclub.com.

Contacts:
Chiara Boizza – Head of Sales and Marketing, Board Member @Kauffmann&Sons
e-mail: [email protected] – Ph. +39 030 3757611