Summary from Pareto Securities’ Battery Metals & Mining Conference

The conference was kicked off with an outlook on ‘Commodities and the Energy Transition’ by Pareto Securities Natural Resources Equity Analyst and Head of Equity Research Sweden – Johan Spetz. Johan emphasized that the global energy mix needs to change fast; currently renewables accounts for 11% of the global energy needs, with this figure needing to more than triple to reach the 37% target by 2040. He also highlighted that the companies presenting all stand to benefit from this transition with all parts of the renewable energy value chain requiring critical metals and minerals such as; copper, nickel, precious metals; gold, silver and rare earths; minerals sands.

Following on from Johan was detailed presentations from mining companies operating across various commodities. The presenters provided updates on their various operations and development projects and provided an insight into the latest developments in the industry and current market trends. The commodities covered in the presentations included: Lithium, graphite, gold, copper, nickel, rare earths, uranium, and mining services.

The program also featured two panel discussions. Panel one; moderated by Pareto’s Co-Head of Mining, Adam Lucas discussed the topic ‘The Covid Recovery and the Green Energy Transition – The role of Raw Materials’ and saw insights from Peter Fox (Mineral Commodities, Ken Brinsden (Pilbara Minerals) and Chris Reed (Neometals). The focus of the panel was on the carbon footprint of raw material production and what impact this would have on the end user demand as there is increasing attention on CO2 emissions throughout the supply chain, in particular for battery components.

Finishing off the program with the second panel was John McClintock, Pareto’s other Co-Head of Mining in conversation with top executives from the Lundin Group of Companies; Adam Lundin (Josemaria Resources), Jamie Beck (Filo Mining) and Wojtek Wodzicki (NGEx Minerals). Together they discussed the topic ‘Is there an oncoming Super Cycle in the Mining Industry’. Wojetk Wodzicki, CEO & president of NGEx Minerals said he is convinced that we are at the start of a strong super cycle. Wojetk said with metal prices increasing there is a lot of value attached to development projects that are ready to be developed.

Investors gained a lot of insight into the latest development within the mining sector from the full day virtual event, and it is clear that as the world moves forward, raw materials are going to play an increasingly integral role in supplying the critical ingredients for the green transition through batteries, energy storage and renewable energy generation facilities.

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