South32 Investors Haven't Fully Factored in Mozal Closure -- Market Talk

Dow Jones

10/22

2335 GMT - Consensus forecasts for South32 could need to come down as the market hasn't yet fully factored in the likelihood that the miner's Mozal aluminum smelter won't restart, suggests Macquarie. South32 expects to shutter the Mozal smelter in Mozambique in March as it struggles to agree to a new electricity supply deal. It signaled this week that negotiations are at a stalemate. "We see downside risk to consensus," given it still shows production at Mozal happening beyond FY 2026, Macquarie says. It retains a neutral call on South32. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 21, 2025 19:35 ET (23:35 GMT)

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South32 expects to shutter the Mozal smelter in Mozambique in March as it struggles to agree to a new electricity supply deal. It signaled this week that negotiations are at a stalemate. \"We see downside risk to consensus,\" given it still shows production at Mozal happening beyond FY 2026, Macquarie says. It retains a neutral call on South32. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 21, 2025 19:35 ET (23:35 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>South32 Investors Haven't Fully Factored in Mozal Closure -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSouth32 Investors Haven't Fully Factored in Mozal Closure -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-10-22 07:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2335 GMT - Consensus forecasts for South32 could need to come down as the market hasn't yet fully factored in the likelihood that the miner's Mozal aluminum smelter won't restart, suggests <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a>. South32 expects to shutter the Mozal smelter in Mozambique in March as it struggles to agree to a new electricity supply deal. It signaled this week that negotiations are at a stalemate. \"We see downside risk to consensus,\" given it still shows production at Mozal happening beyond FY 2026, Macquarie says. It retains a neutral call on South32. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 21, 2025 19:35 ET (23:35 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2577177386","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577177386","pubTimestamp":1761089700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2335 GMT - Consensus forecasts for South32 could need to come down as the market hasn't yet fully factored in the likelihood that the miner's Mozal aluminum smelter won't restart, suggests Macquarie. South32 expects to shutter the Mozal smelter in Mozambique in March as it struggles to agree to a new electricity supply deal. It signaled this week that negotiations are at a stalemate. \"We see downside risk to consensus,\" given it still shows production at Mozal happening beyond FY 2026, Macquarie says. It retains a neutral call on South32. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","BK7507":"资源股","ISBC":"投资者银行","BK7095":"多种金属与采矿","S32.AU":"SOUTH32 LTD"},"translate_title":"South32投资者尚未充分考虑Mozal关闭的因素——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ISBC":1.5,"S32.AU":0.9},"content_text":"2335 GMT - Consensus forecasts for South32 could need to come down as the market hasn't yet fully factored in the likelihood that the miner's Mozal aluminum smelter won't restart, suggests Macquarie. South32 expects to shutter the Mozal smelter in Mozambique in March as it struggles to agree to a new electricity supply deal. It signaled this week that negotiations are at a stalemate. \"We see downside risk to consensus,\" given it still shows production at Mozal happening beyond FY 2026, Macquarie says. It retains a neutral call on South32. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 21, 2025 19:35 ET (23:35 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}