Waste & Recycling

Hedging Explained: Protecting Margins in Volatile Markets

Price volatility has become an everyday reality for metals, recycling, and manufacturing businesses. But how do you protect your margins when markets move unexpectedly? In this episode of Sustainability Café, we speak with David Micallef, Co-Head, Base Metals Corporate Sales & Trading (EMEA), StoneX Group , to demystify hedging and explore its role in managing risk, protecting cash flow, and navigating volatile markets.

Filed under

Podcast

June 30 2026

Share this story

In this episode:

• What hedging is and why it should be viewed as "price insurance"

• How businesses determine the right hedging ratio and manage risk exposure

• What disciplined hedging looks like and the value of a long-term strategy

• How hedging differs for recyclers, scrap processors, and primary metal producers

• Common misconceptions, mistakes, and why risk management matters more than ever

Featuring: David Micallef Co-Head, Base Metals Corporate Sales & Trading (EMEA), StoneX Group