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South32 Faces Electricity Supply Challenges for Mozal Aluminium

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South32 Faces Electricity Supply Challenges for Mozal Aluminium

Elevate Your Investing Strategy:

An update from South32 ( (AU:S32) ) is now available.

South32 Limited is facing challenges in securing a new electricity supply agreement for its Mozal Aluminium smelter in Mozambique, with the current agreement expiring in March 2026. The uncertainty around future electricity supply, exacerbated by potential drought impacts on hydro-electric power generation, has led South32 to anticipate an impairment expense in its FY25 results and to review its FY26 production guidance for Mozal.

The most recent analyst rating on (AU:S32) stock is a Hold with a A$1.90 price target. To see the full list of analyst forecasts on South32 stock, see the AU:S32 Stock Forecast page.

More about South32

South32 Limited is a company focused on developing natural resources and producing minerals and metals essential for the global energy transition. It operates across the Americas, Australia, and Southern Africa, aiming to create a positive legacy and foster strong relationships with partners and communities.

YTD Price Performance: -7.11%

Average Trading Volume: 19,557,283

Technical Sentiment Signal: Hold

Current Market Cap: A$13.97B

For detailed information about S32 stock, go to TipRanks’ Stock Analysis page.

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