Natural Resources >> Analyst Interviews >> December 23, 2002

Outlook For Metals & Mining: Peter Ward – Lehman Brothers

PETER WARD joined Lehman Brothers in 1994 as an Assistant in the Equity Research Department. In 1996, he became a Research Analyst covering metals and mining companies and was named Senior Vice President in 2002. He has 16 companies under coverage in six subsectors: aluminum, coal, copper, diversified mining, gold and steel. In 2001 and 2002, he was ranked by Institutional Investor magazine as one of the leading metals and mining analysts, and in 1998, 1999 and 2000, he was recognized by The Wall Street Journal for stock picking and earnings estimate accuracy. He earned a BA in Economics from Furman University, an MBA from the University of Rhode Island and is a Chartered Financial Analyst. Profile
TWST: May we start out with a quick overview of your coverage?

Mr. Ward: I cover the aluminum, copper, coal, gold and steel

stocks. That would be Alcoa (AA), Alcan (AL), Phelps Dodge