Similar to WHC South32 (S32) is poised to make fresh 2-year highs as it relishes the rising coal price although this is a far more diversified miner. One option for MM is to reconsider maintaining a more diluted coal exposure through S32, a stock that has only doubled since its 2020 low i.e. a lower beta position. At this stage this is one idea we are contemplating moving towards Christmas – watch this space.
MM remains bullish S32
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