January, 2026- Q: What drew you to commercial banking within the metals industry?
A: The metals industry is inherently cyclical and highly sensitive to market volatility, which can be exciting and challenging. When you have the backing of a commercial lender like BMO—which has a long history and vast product breadth—it allows the bank to help companies navigate the ups and downs through strategic banking solutions from acquisitions to restructuring to working capital growth. The industry is also at the forefront of modern infrastructure and economic development. It is a sector that will continue to grow and transform to support energy systems, manufacturing, technology, national security, sustainability and more. Banking partners will continue to evolve alongside these businesses, providing an exciting and dynamic workplace.
Q: What changes or trends have you seen lately in the metals space that impact banking decisions?
A: The metals space has seen notable shifts recently, primarily driven by evolving tariff policies and broader uncertainty across the sector. However, the industry is no stranger to consistent evolution and constant change. Volatility in commodity pricing, global trade dynamics and capital-intensive operations are key challenges. Metals companies often need flexible financing structures to manage inventory cycles, invest in equipment or navigate market shifts. Understanding the nuances of their business, from scrap pricing to mill capacity, is critical to providing meaningful support.
Q: How do you tailor financial solutions to meet the needs of metals clients?
A: It starts with listening. Every client has a different story: some are family-owned with decades of history, others are scaling up rapidly. We look at their working capital needs, growth plans and risk exposure. Whether it’s asset-based lending, cash flow, hybrid structures, equipment financing or treasury solutions, our goal is to be a strategic partner, not just a lender. At BMO, we have a dedicated metals lending team that focuses on metals and critical minerals and has an appetite for helping the industry grow. Additionally, our commercial bank works closely with the capital markets team and metals trading desk, which often allows us to tailor further solutions to our customers. We have clients across the supply chain, from producers to processors to distributors, so we can maintain a real-time perspective on how macroeconomic decisions are impacting our customers. We understand it is paramount to be able to respond quickly and creatively to their needs.
Q: As a woman in both banking and metals, two traditionally male-dominated industries, what has your experience been like?
A: The experience was both challenging and rewarding. Early in my career, it was often necessary to work harder and speak up louder to establish credibility, particularly in technical discussions. Over time, however, authenticity, thorough preparation and strong relationship-building have proven to be powerful tools. Support from mentors, both women and men, has also played a significant role. BMO has long championed women in leadership, providing visibility and inspiration for young women starting their careers by illustrating a clear path to success. What’s been especially encouraging is the rise of women in senior financial roles across our portfolio, particularly in CFO positions. These leaders are driving meaningful operational turnarounds and strategic growth, which highlights the value of diverse perspectives in navigating complex industry dynamics. Q: What advice would you give to other women looking to enter the metals or banking industries? A: Don’t be intimidated by what you don’t know; be curious and ask questions. The metals industry is incredibly welcoming and incredibly integrated. There’s a strong passion for the industry across the entire supply chain. Business owners, management teams and financial partners are very willing to discuss their business and nuances in the space, so engage with them. It is important to find allies and mentors in the industry who can help you navigate the landscape. Representation matters, and your voice brings value.
BETH IZZO is team lead, Asset Based Lending Metals Group, BMO Commercial Bank commercial.bmo.com. She oversees the underwriting and portfolio management of companies in the metals industry, managing complex debt financings, while maintaining a focus on portfolio growth.
