The macroeconomic backdrop seems to be evolving rapidly and the pace of the commodity cycle has accelerated, presenting metals producers with a new set of daunting challenges. How can CIS companies best position themselves to weather downturns and reap the benefits during the upward leg of the cycle? What are the key sources of inflationary pressures and how can they be mitigated? How should companies approach modernization of their existing asset base? Is it more opportune now to grow via M&As rather than organically? Should CIS companies expand outside the region, and if so, where? What are the key factors hindering the development of the sector – infrastructure, labor shortages, regulation, funding? Will redomiciliation in London bring richer valuations?