Market Trends and Demand - Metals are essential for technology, defense, and the green transition, with megatrends driving long-term demand [6, 12] - By 2035, there will be over 200,000 new wind turbines, over 1,000 new hyper data centers, and over 50 million new electric vehicles, significantly increasing metals demand [14] - Global demand for Tellurium is expected to increase by 82% from 2025 to 2035 [16] - Global demand for Tin is expected to increase by 40% from 2025 to 2035 [16] - Global demand for Gold is expected to increase by 22% from 2025 to 2035 [16] Aurubis' Strategy and Competitive Advantages - Aurubis' unique smelter network enables multimetal excellence, processing 20 metals and elements [25, 27] - Aurubis maximizes recycling rate, achieving approximately 44% recycling content in copper cathode on average [30] - Aurubis is committed to strengthening its position as a leading copper and multimetal producer [46] - Aurubis is streamlining its existing strategy portfolio, focusing on its core business of multimetal and reducing capex intensity [79] Financial Performance and Outlook - Strategic projects are expected to contribute €260 million per year in EBITDA [79] - Aurubis expects operating EBITDA between €580-680 million for FY 2025/26 [180] - Aurubis aims to reduce net working capital by approximately €500 million in the mid-term [183]

Framework Overview - Stagehand is an open-source browser automation framework designed for Agents, aiming to bridge the gap between brittle traditional automation tools and unpredictable full-agent solutions [1] - It combines AI for navigating unfamiliar pages with code (Playwright) for known tasks [2] Key Features - Stagehand allows previewing AI actions before execution and caching repeatable actions to save tokens [2] - It is compatible with SOTA computer use models with one line of code and available in both Python and TypeScript SDK [2] - Stagehand includes an open-source MCP server [2] Industry Impact - The framework addresses the limitations of traditional browser automation tools like Selenium or Playwright, which require hard-coded automation that can be disrupted by website changes [1] - It offers an alternative to high-level Agents like OpenAI Operator, which can be unpredictable in production [1]

Key Features of Stagehand - Bridges the gap between brittle traditional automation tools like Playwright and Selenium, and unpredictable full-agent solutions like OpenAI Operator [1][3] - Employs AI for navigating unfamiliar pages and code (Playwright) for executing known tasks [3] - Allows previewing AI actions before execution [3] - Caches repeatable actions to conserve tokens [3] - Compatible with SOTA computer use models with minimal code [3] - Available in both Python and TypeScript SDK [3] Stagehand Ecosystem - Includes an open-source MCP server [2] - Aims to provide a browser automation framework for Agents suitable for production environments [1]