We give an overview of our sectors and participating companies ahead of our 22-24 March event. The Russia-Ukraine crisis exacerbates already tight metals markets Even if no metal is currently subject to direct sanctions imposed on Russia, logistics are disrupted, bank financing / insurance has become harder, and importantly many importers / traders have been keen to distance themselves from Russian-origin material on regulatory and reputational concerns. A key risk is energy prices weighing on economic momentum, but China''s disproportionate weight in metals markets suggests the balance will remain tight with more infrastructure spending on its way. Fresh customer concerns on security of supply raise short and medium-term questions The genuinely inelastic nature of supply response in today''s mining amid technical/exploration/fiscal/lead time/ESG challenges was already a threat to the expected pace of energy transition, for which metals are critical. De-risking metal supply chains is bound to emerge as a new imperative for downstream users, with potential for partnerships/MandA. In Steel, the Russia-Ukraine crisis has knocked out two of the world''s largest steel exporters, meaningfully tightening supply/demand balances and disrupting supply chains in Euro and US markets. We believe it will be challenging to find alternative suppliers, supporting sharply higher steel prices. The most burning questions to ask Miners What dislocations to trade flows are you witnessing? Are your customers thinking harder about security of supply? Is this commodity price reaction a signal strong enough to induce fresh capex programmes? What could lead times be? Are miners going to sit tight and enjoy higher prices? The most burning questions to ask Steelmakers How has the Russia-Ukraine crisis impacted your supply chain and cost base for raw materials; do you expect to permanently alter procurement strategies in response? By how much will power costs increase?...