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South32 Ltd. ( (AU:S32) ) has provided an update.
South32 has reported an update on its Mozal Aluminium operations in Mozambique, highlighting the impact of recent civil unrest on its supply chain. While road blockages have cleared allowing alumina transport to resume, potential disruptions following the announcement of Mozambique’s election results could affect operations. As a precaution, South32 has reduced amperage to potlines and may curtail operations if disruptions persist. Despite these challenges, Mozal Aluminium continues to export aluminium.
More about South32 Ltd.
South32 Ltd. is an Australian company involved in the production of minerals and metals essential for the world’s energy transition, with operations spanning across the Americas, Australia, and Southern Africa. The company focuses on responsibly developing resources while aiming to leave a positive legacy and build meaningful relationships with partners and communities.
YTD Price Performance: -4.50%
Average Trading Volume: 619,636
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £7.63B
See more data about S32 stock on TipRanks’ Stock Analysis page.
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