Transcript CRU Commodity Heat CRU Commodity Outlook: 2012 Q4

A Multicommodity View of Prices
Prepared for:
Current Trends in Mining Finance
April 29, 2013
Lisa Morrison, Principal Consultant
CRU = Wide range of commodity coverage
www.crugroup.com
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Heat Map 2013: Demand fades, supply expands, investors sell
2013 will be a lacklustre year for commodity prices: 13 commodities will rise, 8 will fall.
Four commodities sit in the Hot & Freezing extremes.
Hot
> 15%
Warm
5% to 15%
Coking Coal, Tin,
Alumina, Manganese, Aluminium, Iron Ore, Cobalt,
Palladium, Sulphuric Acid,
Mild
0% to 5%
Cool
0% to -5%
Nickel, Zinc, Platinum, Copper,
Lead,
Gold, Silver, Phosphate DAP,
Cold
-5% to 15%
Urea, Sulphur, Potash,
Freezing
< -15%
Ammonia, Met Coke
* 2013 annual average price forecast (nominal $ or benchmark) versus 2012 Q4 average actual prices
www.crugroup.com
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Heat Map 2017: Supply picture is dominant
Prices expected to increase 13% on average out to 2017. 12 of 22 commodity prices will
rise while 9 will decline.
Palladium, Tin, Zinc,
Hot
> 15%
Warm
5% to 15%
Mild
0% to 5%
Cool
0% to -5%
Cold
-5% to 15%
Freezing
< -15%
Nickel, Alumina, Cobalt, Coking Coal, Platinum,
Aluminium, Lead,
Phosphate DAP,
Manganese,
Urea,
Sulphuric Acid, Copper, Iron Ore,
Gold,
Ammonia, Met Coke, Sulphur,
Potash,
Silver
* 2013 annual average price forecast (nominal $ or benchmark) versus 2012 Q4 average actual prices
www.crugroup.com
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Contact details
Lisa Morrison
Principal Consultant – CRU
phone: +1 610.925.1860 (NYC time zone)
email: [email protected]
web: www.crugroup.com
www.crugroup.com
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