Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
South32 ( (AU:S32) ) just unveiled an announcement.
South32 Limited has announced that its Mozal Aluminium smelter in Mozambique will be placed on care and maintenance from March 2026 due to the inability to secure a new electricity supply agreement. The decision follows unsuccessful negotiations with the Government of Mozambique, Hidroeléctrica de Cahora Bassa, and Eskom, amid ongoing drought conditions affecting electricity supply. The company acknowledges the impact on employees, suppliers, and stakeholders and plans to support them during the transition. The alumina previously supplied to Mozal will be sold to third-party customers.
More about South32
South32 Limited is a company involved in the development of natural resources, producing minerals and metals essential for the global energy transition. With operations spread across the Americas, Australia, and Southern Africa, South32 aims to create a positive legacy and foster meaningful relationships with partners and communities.
Find detailed analytics on S32 stock on TipRanks’ Stock Analysis page.