Nicholas Snowdon
Chief Metals & Minerals Economist Mercuria Energy Trading SA
Nicholas Snowdon is a leading analyst and strategist in the global commodities space, with extensive experience in metals and mining markets. As Head of Metals and Mining Research at Mercuria Energy Trading SA – one of the world’s foremost energy and commodities trading companies – he is responsible for delivering strategic insights and market forecasts that shape investment and trading decisions. Prior to joining Mercuria, Snowdon was a managing director at Goldman Sachs, head of industrial metals research and joint head of commodities research.
2026 Agenda Sessions
From buyers to backers – how trading houses are becoming mining investors
Global traders and downstream giants are no longer just offtake deals - they’re taking equity stakes, co-developing assets, and anchoring new mining projects to secure supply and pricing stability. How to achieve the balance of being both a buyer and an investor without distorting markets.
Wednesday 11 February 14:00 - 14:45 River Nile Stage (CTICC1 - Ground Floor - Investment Village)
Downstream buyers
Investment
Global traders and downstream giants are no longer just offtake deals - they’re taking equity stakes, co-developing assets, and anchoring new mining projects to secure supply and pricing stability. How to achieve the balance of being both a buyer and an investor without distorting markets.
River Nile Stage (CTICC1 - Ground Floor - Investment Village) Africa/Johannesburg








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