AngloAmerican Results Presentation Deck
Commodity outlook - medium to long term
Diamonds
Copper
PGMs
Bulks
Other
Anglo American
●
●
●
●
●
●
●
●
●
●
●
Global economic recovery and growing disposable income drives higher consumer demand
Global supply of rough diamonds expected to slightly decline due to lack of significant recent discoveries
Demand is robust in the long term and accelerated decarbonisation presents further upside
Supply growth is increasingly challenging due to heightened ESG, technical and sovereign risks
PGM loadings to rise further with introduction of next generation of emissions standards in mid-2020s. Further
substitution of platinum for palladium likely in petrol vehicles. BEV share continuing to expand over the near to long term
Longer term: palladium and rhodium tightness eases; expected platinum demand growth from hydrogen fuel cells &
industrial uses
Supply expected to be, at most, stable
Iron ore: In a decarbonising world, iron ore is vital and premium grade iron ore will be preferred. Expected growth in
India and the rest of Asia to drive demand. Supply expected to be able to respond
Steelmaking coal: Demand growth shifts from China to India, while supply growth is limited
Nickel: Demand is increasingly driven by EV batteries but stainless steel growth is also robust. Supply is trying to
respond, particularly in Indonesia
Manganese: An essential alloy for providing strength in steel; demand to rise in line with crude steel production
POLY4: Fertiliser demand increasing owing to a growing, wealthier population and finite land resources
72View entire presentation