From Monday Sept. 23 to Wednesday, Sept. 25, the Recycled Materials Association (ReMA) will host the 2024 Roundtables, an event designed to help attendees gain the latest commodity market insights and to network with traders, processors, consumers, and worldwide professionals in the recycled materials industry.
ReMA News had the opportunity to chat with Aldo Jordan, a speaker at the Copper Roundtable on Tuesday, Sept. 24. Jordan, founder and president of the Metals Agency, has over 20 years of diverse recycling industry experience, from operations and logistics to business development and commercial buying/selling. He is highly experienced in B2B commodity sales (copper, aluminum, stainless steel, brass, precious metals, catalytic converter, and Zorba) to consumers in 20 different countries in Asia, Europe, and Latin America.
What should attendees look forward to from your panel?
My presentation is going to concentrate on nine dynamics driving the copper market. Rather than predict pricing, my goal is to help the audience understand the broad dynamics at play in the background that make the markets so reactive.
What are you most excited for at the 2024 Roundtables and why?
The Roundtables event is always an exciting opportunity to get together with people in the recycled materials industry and gain a better understanding of the dynamics affecting their work. We interact with suppliers, consumers, hedge companies, mining companies, and many others, so it’s such an interesting time in the copper market with all these fluctuations and dynamics; I’m excited to hear what other folks are seeing and learn how the copper market is affecting them.
What are the major takeaways you hope attendees will gain from your panel?
One major question is whether China is still the reigning king of demand and, related to that, how is China’s economy affecting what we’re seeing here in copper demand. Supply is a key factor; for all the conversations we’re having about the increase in domestic capacity, overall, we still have a limited volume in terms of geographic location. The third issue is consolidation in the marketplace and how it will affect the copper market.
We neglect to understand that sometimes the copper markets tend to be very reactionary. For example, today the equity market is taking a bit of a hit and so is copper, but understanding the dynamics and fundamentals that drive that change is key. While everyone can see the price drop in copper today, understanding the catalyst for those changes dynamics wise is important.
Photo by AbsolutVision on Unsplash.
