Stephen Forrest, one of the PGM industry’s foremost authorities, known universally for his value chain-spanning expertise, has spent a career working with a portfolio of major commodity companies and clients, in more recent years becoming the analytical link between producer and end-user, processor and investor, as Chairman of SFA (Oxford), the leading PGM consultancy he set up in 2001.
Stephen’s industry track record is significant, not least for the many facets it encompasses, having worked as a Commodities Strategist, Fund Manager and Operations Manager, risen to the highest levels of mining management, conducted trade finance and capital raising exercises in the Eastern Bloc and Western world, and accomplished Top Rating as a Mining Analyst covering platinum-group metals, base metal and coal markets. Through this multi-faceted history, he has built up an exclusive network of contacts that transcends individual industrial sectors and value chain linkages, placing him in a unique position to provide cross-commodity expertise to a trusting client base.
Leveraging off this vast relationship set, in 2001, he founded SFA (Oxford), an independent consultancy covering a broad spectrum of mining-, minerals- and commodity-related issues, including macroeconomic analysis, supply and demand scenarios, in-depth cost analysis, derivative research and price forecasting. He has since led SFA towards becoming the industry standard in commodity research, managing the mapping of the entire PGM value chain, assisting company clients in more than $7 billion in strategic transactions, and offering otherwise unobtainable insights into the PGM and other commodity industries.