@WallStreetMav Probably the QP, usually Month of shipment +1 to M+3 selling to custom smelters. Book the sale when title transfers but 'realise' later. Probably not selling at a premium.
Where are commodity markets heading for 2023?
Base metal surplus markets and overall weaker consumer activity will likely add to bearish sentiment from Q2 into the rest of 2023 for both #batterymetals and #basemetals.
Treatment Charges for #copper#zinc edging higher, but #lead ?
I'll leave it at that for now!
If you get the chance to join a fast-growth scale-up, grab the opportunity - you won't be board.
I'm working in a commodities trading company, focused on #metals and #mining . Recently achieved series C funding.
Disclosure: My own opinions.
Working in a scale-up is tough. Itโs fast-paced, ideas are plentiful and yet it's easy to lose focus and feel lost. If you do it right, however, it can be immensely rewarding.
Here's Scale-Up 101 - lessons from working in a high-growth #commodities trading company after year 1:
Stay Optimistic.
On the whole, optimists are rather happy. Scale-up life is stressful and often difficult to navigate โ being optimistic helps you get through it. Be optimistic. It might even make you live longerโฆ