South32 Faces Uncertainty with Mozal Aluminium Operations

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

South32 has announced an update regarding its Mozal Aluminium operations, highlighting ongoing challenges in securing sufficient and affordable electricity supply beyond March 2026. Due to these challenges, South32 will limit investment in Mozal, halting pot relining and standing down contractors, with expectations to place Mozal on care and maintenance by the end of the current electricity agreement. The company will recognize a US$372 million impairment in its FY25 financial results, reflecting the uncertainty of future operations at 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 is a company involved in the development of natural resources, producing minerals and metals essential for the global energy transition. The company operates across the Americas, Australia, and Southern Africa, focusing on discovering and responsibly developing the next generation of mines. South32 aims to create a positive legacy and build meaningful relationships with partners and communities.

Average Trading Volume: 19,448,102

Technical Sentiment Signal: Hold

Current Market Cap: A$13.7B

Learn more about S32 stock on TipRanks’ Stock Analysis page.