MSCI Metals v World (Mining Returns)

By Tshepo Magagane

Banking is about creating that deal list!

I never really got any reprieve when we joined from the M&M team (was sector agnostic largely) but it was honestly deal after deal!

People who made proper money in mining positioned in the late 90s into the early 00s – that is when you secure the projects.

China had a huge impact which we thought was going to be once-in-a-generation!

In the 10s, especially post mid-10s, the sector went through a horrible phase – expenditure was cut totally – talent was lost / teams were disbanded / knowledge got dispersed.

I was shouting into the hurricane going “come on, think about Intensity of Metal Use for base metals as people in China the Global South migrate upward in economic segments” – the challenge was already there…https://www.linkedin.com/pulse/mining-sector-peak-through-we-bottom-do-current-present-magagane/?trackingId=FIOx4kyHR0axidKSZ3z4GA%3D%3D

…now you put Electrification, Data on top…we are in a for a serious ride!

China is leading the charge and taking all the lessons learned from the 00s and meticulously, unapologetically, ruthlessly applying them – while you have conference after conference, paper after paper in the West!