Investor Presentaiton

Economic development underpins demand outlook Significant increase in all commodities required for decarbonisation & just transition Level of investment required implies sustained higher prices are needed Copper (kg) per person 21 Steel (tonnes) per person21 233 14 61 4 Global installed stock21 1,761 107 Current global average Required level Current global average Required 497 Copper (Mt) 36 Steel (Bn t) level Current level Required for UN SDGs Anglo American 23 23

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