Newmont: Karyn Ovelman appointed Executive Vice President and Chief Financial Officer – 05/19/2023 at 14:42


(AOF) – Newmont Corporation has announced the appointment of Karyn Ovelman as executive vice president and chief financial officer. She will be responsible for Newmont’s global finance functions and will join the group in the second quarter of 2023. Karyn has extensive global leadership experience. She previously held CFO positions in energy companies including Flowserve, LyondellBassell Industries NV, and Petroplus Holdings AG.

She was a member of the board of directors at Hess Corporation and Arcelor Mittal.

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An ecological transition that drives metal prices

The ecological transition is driving demand and driving up prices. Thus lithium prices jumped 100% last year, supported by sales of electric cars. The needs for metals such as aluminum, copper, graphite, or nickel should soar by 2050. The war in Ukraine has reinforced the rise in prices because Russia is a major producer of mineral raw materials , in particular aluminium, palladium, nickel and titanium. The International Energy Agency (IEA) recently warned of the risk of a shortage of several metals necessary for the energy transition. Europe has mobilized on strategic metals with the aim of strengthening its sovereignty.



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