20/07/2026 16:46

South32 (ASX: S32) $4.08

South32 (S32) +4.62%: delivered a solid finish to FY26, with improved fourth-quarter production across alumina, manganese and Cannington, while several key operations exceeded full-year guidance. Fourth-quarter alumina production increased 4.6% to 1.29Mt, including a 6.4% lift at Worsley to 943,000 tonnes. Manganese production rose 20% to 1.31Mwmt, while Cannington payable zinc-equivalent production increased 29% to 57,800 tonnes.

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16/07/2026 09:06

South32 Ltd (ASX: S32) $4.06

S32 has transformed itself in recent weeks after selling off its aluminium value chain, including Worsley Alumina, Hillside Aluminium and its Brazilian bauxite and alumina assets, to Alcoa for an implied US$5.6bn. The package comprises US$3.1bn in cash, around US$1bn in Alcoa shares, assumed liabilities and contingent payments linked to future aluminium prices. The assets accounted for around 60% of group earnings, making this a transformational portfolio reshaping.

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01/07/2026 16:58

South32 (ASX: S32) $4.28

S32 +9.74%: announced the transformational sale of its aluminium, alumina and bauxite business to Alcoa in a deal worth up to US$5.6bn ($8.1bn), materially simplifying the portfolio and accelerating its transition toward a future-facing base metals producer. The consideration includes US$3.1bn in cash, around US$1bn in Alcoa shares, US$750m of assumed net debt and lease liabilities, plus a US$750m contingent value right (CVR) linked to aluminium and alumina prices over the next four years.

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01/07/2026 09:33

South32 Ltd (ASX: S32) $3.90

MM bought S32 last month for our Active Growth Portfolio when it wasn’t on our Hitlist; hence this morning we’ve discussed the stock and our reasoning to gain exposure to the miner following its recent pullback.

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18/06/2026 09:43

Trade Alert – Active Growth Portfolio

We are making two changes to the Growth Portfolio.

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25/05/2026 09:32

Chart of the Week – LME 3-Month Aluminium ($US/MT)

It’s not just copper that’s marching higher, aluminium is dancing a similar jig heading towards its highest level in years. This year is increasingly being described by aluminium producers and traders as a “gap year”, a pivotal period where years of underinvestment and constrained supply are colliding with rapidly accelerating demand. The metal sits at the centre of global electrification, power-grid expansion, EV production and aerospace demand, yet new smelting capacity is struggling to keep pace due to high energy costs, environmental restrictions and limited spare capacity.

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12/03/2026 09:08

South32 Ltd (S32) $4.36

Aluminium and steel-related commodities drive S32’s earnings, with bauxite, alumina and aluminium at the core, plus silver, while the company is also a major global manganese producer with exposure to met coal. This leaves S32 well leveraged to steel demand, a theme we like amid the global push toward decarbonisation, but with less exposure to iron ore than peers like BHP and Rio, where rising supply could prove a headwind.

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03/02/2026 09:28

South32 (S32) $4.42

Volatility has been extreme in precious metals of late, but in the bigger picture, we can see deficits and declining inventories suggesting silver is now increasingly vulnerable to periods of strong investment demand, which in turn could lead to further bouts of liquidity tightness. S32 is exposed to silver through its 100% interest in the Cannington mine in QLD, which produces silver, zinc and lead, and is one of the top 10 silver mines globally.

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22/07/2025 09:18

South32 (S32) v ANZ Group (ANZ)

South32 (S32) awoke from its slumber yesterday’s advancing +4.5% but overall ANZ and S32 have largely danced in sync over the last 18 months as CBA enjoyed the bulk of the aggressive momentum in flows, the same “weak longs” that’s likely to see the bank lead any further weakness across the banking sector.

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02/06/2025 09:12

Shawn’s Trade Idea: Buy South32 Ltd (S32) at $2.45

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.

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