Every seat in the metals value chain carries a different kind of price risk.
Geography sets the market you price against; your business model sets the shape of your exposure. A miner, a smelter, a fabricator, a recycler and a trader can all hold the same metal and face entirely different risks. We build price risk management around the model.
Producers
Miners and metals producers
For a producer, the metal is the revenue. From the moment ore leaves the ground to the settlement of an offtak…
Explore producers →Processors
Smelters, refiners and semi-fabricators
Smelters, refiners and semi-fabricators live on the margin between the raw material they buy and the refined o…
Explore processors →Consumers
Fabricators and industrial end users
For fabricators and industrial end users, metals are a cost line. Rising prices squeeze margins unless exposur…
Explore consumers →Recyclers
Secondary metals and recycling
Recyclers convert scrap and secondary materials into metal that competes with primary refined supply. The busi…
Explore recyclers →Traders
Physical traders and merchants
Traders live in the spread. Inventory, forward books and financing create exposure on multiple axes at once: o…
Explore traders →Wherever you sit in the value chain, the foundations are the same: structure, goals, control and visibility. Let’s talk about yours.