South32 Stock News

South32 Ltd (LSE:S32, ASX:S32, FRA:32Z, OTC:SHTLF, JSE:S32) has opened FY27 with an 11% increase in copper production at Sierra Gorda and a record US$153 million quarterly distribution from the Chilean operation, while maintaining production guidance across its portfolio. Chief executive officer Matt Daley said the quarter also delivered key development milestones across the group's copper and ...

South32 Ltd (LSE:S32, ASX:S32, FRA:32Z, OTC:SHTLF, JSE:S32) shareholders will vote today on the proposed $8 billion sale of its aluminium and alumina assets to Alcoa (NYSE:AA), a transaction that would reshape the miner's portfolio and accelerate its transition towards higher-growth base metals. The vote at South32's annual general meeting marks a significant step in the company's strategy to m...

The deal includes stakes in a bauxite mine, alumina refinery, and aluminum smelter operations, Alcoa said.

South32 Ltd (LSE:S32, ASX:S32, OTC:SHTLF) is Citi's preferred mining stock as the bank becomes more bullish on copper and aluminium prices, while Glencore PLC (LSE:GLEN) is its favoured way to play the copper theme among the major diversified miners. The US bank has raised its long-term copper forecasts and now expects prices to reach $15,000 a tonne within the next year, versus a current LME p...