Downstream Demand Analyst (Metals)

Role Summary Build and maintain data-driven end-use demand models across global metals markets, translating sector-level insights into actionable views for trading and investment. Core Responsibilities - Demand Modelling - Develop bottom-up end-use demand models (starting with China, then globally and covering major regional markets) across key sectors (e.g. real estate, transportation, power generation and distribution, infrastructure, data centres / AI, appliances). - Conduct intensity analysis and forward demand projections, adjusting for cyclical effects (e.g. demand destruction vs deferral). - Track inventories across the value chain using semi-finished and end-use data. - Analyse capacity across end-use sectors to consume scrap vs refined metals. - Data Integration & Monitoring - Build scalable data pipelines integrating national statistics, industry data, company disclosures, and alternative data (e.g. shipping, customs, satellite). - Generate model outputs programmatically, incorporating real-time and high-frequency macro data. - Develop dashboards to present key high-frequency indicators in a clear, actionable format. - Market Analysis & Insights - Identify market inefficiencies and relative value opportunities across commodities and regions. - Perform scenario analysis incorporating macro, policy, and geopolitical factors. - Support trading and portfolio positioning with timely, data-driven insights. Key Requirements Experience & Knowledge - 5+ years’ experience in metals/commodity research, with strong focus on first-use and end-use demand. - Deep understanding of downstream sectors and global metals value chains. - Familiarity with scrap markets, trade flows, and industry dynamics. Technical Skills - Advanced Python programming (model development, data pipelines). - Strong SQL proficiency. - Experience working with large, multi-source datasets and real-time data systems. Other Skills - Strong analytical and problem-solving capabilities. - Ability to operate in a fast-paced, collaborative environment. - Excellent communication skills (written and verbal, English).