The S32 share price has tracked aluminium closely in 2025, which is not surprising considering it makes up a substantial portion of the company’s revenue. We believe that Trump’s latest move towards steel and aluminium could easily be reversed; hence, we like S32 if we see a spike lower following the latest steel and aluminium tariff announcement.
- I believe the risk/reward towards S32 is compelling if we get a spike to new lows following the tariff news towards aluminium & steel.
Trade Idea: Buy South32 (S32) at $2.45 with stops at $2.30 – a 6% risk.
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