Recently, the SMM LME Forum, sponsored exclusively by Nanhua Futures, successfully concluded in London. This event aimed to explore the current state and future trends of the global metal markets, the potential challenges and opportunities facing the non-ferrous metal industry, and the role of the futures market in this sector. Over 300 guests from the global non-ferrous metal industry participated in the forum.

Nanhua Futures Chairman Luo Xufeng delivered a speech at the forum’s opening ceremony. He warmly welcomed the guests and expressed heartfelt gratitude for their attendance. Luo emphasized the role of the futures market in price discovery and risk management within the non-ferrous metal industry. He also shared Nanhua Futures’ leading global strategy and its commitment to serving the real economy. His confidence in the futures market and the development of the non-ferrous metal industry set a positive tone for the forum.

Chen Xiaoyu, Manager of the Market Investment Department at Nanhua Futures, gave a keynote speech on the international macroeconomic outlook of global metal and futures markets. He discussed factors such as the Federal Reserve's rate cuts, the U.S. elections, leadership transitions in multiple countries, and geopolitical tensions. Using historical data trends, he analyzed how macroeconomic factors could impact the future price trends of the non-ferrous metal and futures markets. He emphasized that in the face of the uncertainties posed by changing global macroeconomic conditions, companies should utilize the futures market to manage their risks accordingly.

Wang Yancheng, head of SMM’s UK office, Grant Sporre, Global Head of Metals & Mining at Bloomberg Industry Research, Natalie Scott-Gray, Senior Metals Analyst at Stone X Group for Europe, the Middle East, Africa, and Asia, and Michael Widmer, Commodities Strategist at Bank of America Merrill Lynch, participated in a roundtable discussion on the future demand for lithium batteries. Through multidimensional analysis, they explored the development trends of the battery metals industry, reviewed and forecasted trends in the base metals market, and discussed the impact of geopolitical conflicts on global base metal trade and dynamics.

The successful organization of the 2024 SMM LME London Forum provided Nanhua Futures with a platform for global non-ferrous metals industry participants to exchange and collaborate. It also gave non-ferrous metals companies deeper insights into how the futures market empowers the metal industry and its positive impact. The forum injected new vitality and inspiration into the future development of the industry. Participating companies expressed that they gained a clearer and deeper understanding of the critical role of the futures market in risk management within the non-ferrous metals industry. Furthermore, Nanhua Futures, as a leading figure in China's futures industry, garnered praise and recognition from numerous international enterprises for its outstanding professional expertise and deep industry experience. Looking ahead, we hope that more global non-ferrous metals companies will leverage the power of the futures market to achieve more stable and sustainable development.