CRU Breakfast 2020

We are delighted to announce that the CRU Breakfast will be held in a virtual format on Tuesday 20 October 2020, during LME Week.

This free seminal event, which is invitation-only and exclusively for our clients, will be held in a virtual format across three time zones:

1. 7.00am BST
2. 10.00am BST
3. 4.00pm BST

We have an exciting programme planned for the CRU Breakfast that addresses both the immediate challenges, and the opportunities, of the post Covid-19 world, and which also looks to understand the longer implications of China’s imminent 14th Five-Year-Plan and the global shift in attitudes towards Environmental, Social, and Governance (ESG) issues.

There will be two breakout sessions:

1. China’s 14th Five-Year-Plan: Implications for global metal market

In late October China will begin to announce plans for its next Five-Year-Plan (FYP). It will plot the country's path over the period 2021-2025. The plan will include targets for different sectors of the economy, and measures to support China's recent pledge to reach carbon neutrality by 2060.

The session will begin by looking back and considering the success of the 13th FYP. It will then look forward, and consider what to expect from the next FYP including dual circulation, technological innovation and green and sustainable development.

It will consider questions such as how is dual circulation different from economic rebalancing? What to expect on supply side reform? How will policies to secure metal and mineral resources develop? Which metals are the greenest and why?

The session will draw on expertise from CRU's Beijing, Shanghai and London offices.

2. ESG: are consumers, producers and investors prepared for ESG’s wide-reaching impact on the metal market?

ESG, and particularly carbon emissions, have moved firmly into mainstream discussions in recent years and is driving major strategic responses across the value chain. CRU's clients are increasingly exploiting the opportunities available for those able to respond efficiently to these changing requirements.

Current carbon pricing schemes regulate 15% of total global carbon emissions (2019). In our CRU Breakfast presentation our Consulting team will explore whether consumers, producers and investors are prepared for ESG's wide reaching impacts. exploring in particular:

• Europe's decarbonisation plans, benchmarks and strategies including EU emissions trading scheme and proposed Carbon Border Tariff Adjustments.
• China's recent net-zero commitment marketing a step change in Chinese energy policy and the impact on both domestic and overseas industry and consumers.
• Opportunities and risks for commodity players.

These will then be followed by our globally-recognised panel discussion with CRU’s leading analysts who will address the question of the moment:

Panel Discussion - Covid-19: Short-term impact and long-term legacy

The Covid-19 pandemic, and the measures taken to contain it, have had a significant impact on the global economy and on commodity markets including metals.

In this seminar, CRU's experts will assess the effects of Covid-19 on the world economy and the markets for aluminium, copper, lead, zinc, nickel and steel. They will debate the extent to which the outlook for these metals has changed irreversibly and consider whether Covid-19 has simply accelerated existing market trends or been responsible for fundamental new developments.

As always, CRU Breakfast provides you with a fantastic opportunity to:

• Listen to thought-provoking discussions by CRU’s leading global experts;
• Ask questions directly with all our speakers during the sessions;
• Network with fellow attendees from all over the world;
• Chat at length with CRU’s analysts in our ‘virtual’ exhibition during and after the Breakfast.

The CRU Breakfast is invitation-only and limited to CRU clients. If you are not currently a CRU client and would like to apply to attend, please email crubreakfast@crugroup.com

We very much look forward to seeing you in October.