Programme

THE COMMODITY DEMAND CYCLE: STRATEGIES TO ADJUST TO A NEW NORMAL?

Spurring Growth While Mitigating Risks
Arena
Pavilion 4, Conference Hall 4.1


With many of the major economies in a period of slower growth, some of the heat has come out of global commodities. Is the recent slowdown due to a relief in structural constraints and speculative pressures, or can we expect a sharp recovery in commodity demand? What steps should firms take as global growth picks up over the coming twelve to eighteen months?


Moderator:
Charles Robertson , Global Chief Economist, Renaissance Capital

Panellists
H.E. Suhail Mohamed Faraj Al Mazrouei , Minister of Energy, UAE
Dr. Fan Gang , Director, National Economic Research Institute (NERI); Chairman, China Reform Foundation
Oleg Deripaska , President, Member of the Board of Directors, RUSAL
Daniel Jaeggi , President, Co-Founder and Head of Global Trading, Mercuria

Broadcast

Key moments

“We are in a good trend [in the energy resources field]. And the market will work only if it is fairly transparent and has correct and effective pricing mechanisms”.
Oleg Deripaska
“We have not seen a more stable oil situation in the modern world, which is changing so quickly (i.e., the Arab Spring). The middle class is growing, requiring additional resources, and it is not only in China and India, but Africa as well”.
H.E. Suhail Mohamed Faraj Al Mazrouei
“We should not expect China’s demand for energy resources to continue to grow; it will slow down but it will still be there at a normal pace, which is 7% of GDP”.
Dr. Fan Gang
“One of the things that I see going on over the space of a decade is this convergence of markets. Things that are happening in one part of the commodity market are having a knock-on effect on other markets”.
Daniel Jaeggi
“We need global synchronized growth to see the next commodity price boom”.
Charles Robertson
“Any government needs to think, plan and take action on how to deal with subsidies. The logical thing to do is first of all to free the energy subsidies”.
H.E. Suhail Mohamed Faraj Al Mazrouei
“I do not think that the US is going to export a significant amount of gas in the nearest future”.
Daniel Jaeggi