ab 27 October 2025 Global Research Global Commodities Mission Critical Equities Global Basic Materials Dim Ariyasinghe Analyst dim.ariyasinghe@ubs.com +61-3-9242 6385 Lachlan Shaw Analyst lachlan.shaw@ubs.com +61-3-9242 6387 Levi Spry Analyst levi.spry@ubs.com +61-3-9242 6709 Ben Wood Analyst ben.wood@ubs.com +61-39-242 6709 George Eadie Analyst george.eadie@ubs.com +1-646-996 4596 Alisa Dudchak Analyst alisa.dudchak@ubs.com +44-20-7567 0844 Jarvis Lam Analyst jarvis.lam@ubs.com +852-2971 7701 This report h ...