7 Sep, 2016, 15:50 - 16:15

Victor Rodriguez, Principal Consultant, The CRU Group

Curriculum Vitae
Victor re- joined CRU Consulting in 2016 following an absence of eighteen months. Prior to that break, Victor acted as a Senior Consultant based in the CRU Santiago office where he participated on various projects, involving benchmarking of capital and operating expenditures of copper mining and analysis of the global nickel industry and associated “government take”, among others. He has also been engaged in multi-commodity consultancy assignments covering a range of elements including iron ore, copper, fertilizers and precious metals. Before re-joining CRU, Victor worked as Global Marketing Director at Interpipe, an integrated Ukrainian steel manufacturer, providing regular advice to the company’s Management Board about commercial strategy and market conditions in the steel industry, with specific focus on the tubes & pipes segments. He started his professional career at Tenaris, a global oilfield services company, where he worked for more than nine years engaging in a wide range of marketing and commercial roles in South America and the Middle East. Victor holds an MBA at Saïd Business School, University of Oxford and a degree in Business Administration from Universidad Catolica Argentina. He speaks fluent English and Spanish, and has conversational Portuguese.


Global commodity markets have experienced a significant slowdown after the prolonged "super-cycle" that took place at the beginning of the century. The current situation is quite complex, with many uncertainties surrounding the health of the global economy and the supply response to a low price scenario. In this difficult context, Argentina is aiming at attracting investments to revitalize the local mining industry as an engine of growth for the economy, both at national and regional levels. Our presentation will include an overview of the global macro-economic vision, with special emphasis on China both as the main driver of demand for commodities and relevant producer in the global scenario. Subsequently, we will look at the price behaviour of a basket of basic products that CRU analyze regularly show. Then, focus will be placed on 3-4 commodities particularly relevant for Argentina (eg. Lithium, copper, silver) analyzing supply, demand and major trends. The presentation will conclude with a brief commentary on the implications for Argentina taking into consideration the previously described context.

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