FY22 Overview & Safety Program Update
OUR COMMODITY DEMAND IN A LOW-CARBON WORLD
Demand across our commodities will be well supported by a rapid transition to a low-carbon future
2050e average commodity demand
in 1.5°C scenario versus base case37
100
150
(Index 2020 = 100)
200
Aluminium
Alumina
250
300
1.5°C scenario anchored on rising electric vehicle (EV) penetration (from 4% to 100%)
and proliferation of renewables generation (6x to 20TW) from 2020 to 2050e
Aluminium benefits from higher intensity of use in EVs, substitution of plastics in packaging and
increasing use in renewables
Aluminium intensity in EVs is ~40% higher than internal combustion engine (ICE) vehicles
(from 111kg/car in 2020 to 256kg/car in 2050e) due to light-weighting
Copper is a key metal used in EVs, charging infrastructure and renewable energy
Copper intensity in EVs is ~3x that of ICE vehicles (23kg/car)
Copper intensity for offshore wind generation is ~12x that of coal and gas installations
Zinc protects metals against corrosion
Notes:
a.
b.
Zinc
Copper
-
Wind and solar energy could increase >10x by 2050e in 1.5°C scenario, equivalent to adding
3x the capacity of the USA each year
SOUTH32
Additional demand in
1.5°C scenario
Reduction in demand in
1.5°C scenario
- Zinc intensity in offshore wind and solar installations is ~300x and 200x higher, respectively, than
in autos (10kg/car)
Zinc demand could double to 24Mt by 2040, akin to adding three Taylor sized projects (a) each
year in an environment when supply is declining
Lead impacted by reduced demand for lead batteries in motor cars as ICE fleet is phased out by 2050e,
partly offset by higher demand for use in energy storage systems
Manganese benefits from higher use in infrastructure to improve steel quality and also has the potential
to displace cobalt in lithium-ion batteries with ~7x higher intensity in manganese-rich (b) cathode
chemistries than nickel-based chemistries
Base case
Lead
Manganese
Based on Taylor Deposit pre-feasibility study with 130kt per annum steady state payable zinc production. Refer to important notices (slide 2) for additional disclosure.
Manganese-rich chemistry is represented by NMX 370 with seven parts of manganese, compared to nickel-rich chemistry represented by NMC 811 with one part in manganese.
SLIDE 27View entire presentation