South32 Ltd began fiscal year 2027 with an 11% rise in copper production at its Sierra Gorda mine, driven by higher ore grades and ongoing expansion efforts including a new grinding line to increase capacity by 25%. The company also saw a 14% increase in manganese production due to improved conditions in Australia and South Africa. Despite some operational challenges at Cannington, upgrades are expected to improve mining rates later in the year. South32 continues developing its Hermosa zinc-lead-silver project and plans to sell its aluminium assets to Alcoa by mid-2027, aiming to focus more on base metals. The company ended the quarter with a net cash position of $297 million, up $14 million.
South32's focus on base metals contrasts with Alcoa Corporation's aluminium business, which it plans to sell by mid-2027. On Pluang, Alcoa Corporation (AA) shares trade at USD 41.88 as of Oct 19, 2026 09:21 WIB, showing a 4.49% increase in one day. The stock's market cap stands at $10.94 billion, reflecting significant investor interest in the aluminium sector.
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Alcoa will release its Q3 2026 earnings on October 15, with analysts divided on earnings per share and revenue forecasts due to factors like rising aluminum sales, inventory changes, and higher input costs. The company expects a 54.9% jump in aluminu...
South32 shareholders are voting on an $8 billion deal to sell aluminium and alumina assets to Alcoa, marking a strategic shift towards higher-growth base metals like copper and silver. The sale includes major stakes in Worsley Alumina and other facil...
