Anglo American announces the signing of a memorandum of understanding with Mitsubishi Materials Corporation ("Mitsubishi Materials"), to collaborate on the creation of a copper product offering that responds to growing demand for metals with demonstrably strong provenance credentials. The collaboration will focus on driving traceability across copper's fragmented value chain, with the aim of identifying and measuring sustainability indicators that industry stakeholders and end customers deem most relevant and valuable. By using technology-driven traceability solutions, the two companies will work together to provide such stakeholders with secure access to relevant product provenance information.

Anglo American and Mitsubishi Materials will also explore decarbonisation opportunities to reduce the overall carbon footprint of the metal provided to customers. Mitsubishi Materials is a global manufacturer of copper and other non-ferrous metal materials, cemented carbide tools, and electronic components.