Ivanhoe Mines - CRU Conference - Investor Virtual Tour, March/April 2022

Mr. Friedland commented: “The global markets are experiencing a historic, long-term, and acute shortage of the vital metals we require to achieve the electrification and decarbonization of the world economy. London Metal Exchange stocks of its six main metals (copper, aluminum, zinc, lead, tin, and nickel) are at their collective lowest level since at least 1997 … and senior management at Ivanhoe Mines sees ourselves as an integral part of the solution by providing the metals the world urgently needs for electrification … together with our joint venture partner, Zijin Mining, we are resolved to expedite future expansion phases at Kamoa-Kakula to generate stable, profitable growth and provide lasting economic and social benefits for the Congolese nation and people.”