Expected supply from existing and announced projects and primary supply requirements in the Announced Pledges Scenario, 2035

Notes

APS= Announced Pledges Scenario; Expected supply is based on mined or raw material output, except for graphite where the figure includes expected spherical graphite and synthetic graphite supplies. Primary supply requirements are calculated as “total demand net of secondary supply”, also accounting for losses during refining operations. The figures for rare earth elements are for magnet rare earth only.