Webinar
Webinar | Metals and mining slump: How bad could it get and what gets hit hardest?
With the collapse in demand and supply resulting from the lockdown measures, no clear pathway to recovery and much talk about a "new way of working" its no surprise that prices for most mined commodities are slumping.
Whilst the circumstances that have created this situation are unprecedented as far as the duress the industry is under, we have been here before. the early 1980s, 1990s, 2000s, the GFC, 2015 the list goes on. Whilst cost structures have declined due to strong dollar and weak energy prices this is not enough to prevent margins collapsing and companies hemorrhaging cash, and the situation could get worse. With the duress that businesses will be experiencing and the need to tap debt markets to fund operations this represents an opportunity for credit and distressed debt investors. Please join us for our webinar
How much demand destruction will occur and how long will it take the sector to recover ?
Lessons from past cycles: In a low price environment when does cost support kick in ?
Where are margins headed ?
What commodities and regions are worth a second look from a credit/distress perspective ?
