South32 Bull Eyes Possible Last-Minute Power Deal for Mozal -- Market Talk

Dow Jones

Jul 15, 2025

2329 GMT - Power negotiations at South32's Mozal aluminum smelter in Mozambique are worth keeping a close eye on given it would cost more than US$200 million to shut down and restart the operation, Morgan Stanley analyst Rahul Anand says in a note. Yet similar negotiations around the world--including in New Zealand and Australia--have resulted in last-minute deals to protect jobs, says Anand. The smelter contributes roughly 4% of Mozambique's GDP, and creates thousands of direct and indirect jobs, he says. "We also note S32 has been trading below fair value (base case: A$3.95/share) as the market has been watching this key risk that has previously been flagged by the Mozambique government." MS has an "overweight" rating and A$3.05/share target on South32. The stock ended Monday down 5.1%, at A$2.95. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

July 14, 2025 19:29 ET (23:29 GMT)

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Yet similar negotiations around the world--including in <a href=\"https://laohu8.com/S/NZERF\">New Zealand</a> and Australia--have resulted in last-minute deals to protect jobs, says Anand. The smelter contributes roughly 4% of Mozambique's GDP, and creates thousands of direct and indirect jobs, he says. \"We also note S32 has been trading below fair value (base case: A$3.95/share) as the market has been watching this key risk that has previously been flagged by the Mozambique government.\" MS has an \"overweight\" rating and A$3.05/share target on South32. The stock ended Monday down 5.1%, at A$2.95. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 14, 2025 19:29 ET (23:29 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 Bull Eyes Possible Last-Minute Power Deal for Mozal -- 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 Bull Eyes Possible Last-Minute Power Deal for Mozal -- 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\">2025-07-15 07:29</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  2329 GMT - <a href=\"https://laohu8.com/S/PW\">Power</a> negotiations at South32's Mozal aluminum smelter in Mozambique are worth keeping a close eye on given it would cost more than US$200 million to shut down and restart the operation, <a href=\"https://laohu8.com/S/MTK\">Morgan Stanley</a> analyst Rahul Anand says in a note. Yet similar negotiations around the world--including in <a href=\"https://laohu8.com/S/NZERF\">New Zealand</a> and Australia--have resulted in last-minute deals to protect jobs, says Anand. The smelter contributes roughly 4% of Mozambique's GDP, and creates thousands of direct and indirect jobs, he says. \"We also note S32 has been trading below fair value (base case: A$3.95/share) as the market has been watching this key risk that has previously been flagged by the Mozambique government.\" MS has an \"overweight\" rating and A$3.05/share target on South32. The stock ended Monday down 5.1%, at A$2.95. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 14, 2025 19:29 ET (23:29 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":"LU1732799900.SGD","symbol_name":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2551713947","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2551713947","pubTimestamp":1752535740,"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":"2329 GMT - Power negotiations at South32's Mozal aluminum smelter in Mozambique are worth keeping a close eye on given it would cost more than US$200 million to shut down and restart the operation, Morgan Stanley analyst Rahul Anand says in a note. Yet similar negotiations around the world--including in New Zealand and Australia--have resulted in last-minute deals to protect jobs, says Anand. The smelter contributes roughly 4% of Mozambique's GDP, and creates thousands of direct and indirect jobs, he says. \"We also note S32 has been trading below fair value  as the market has been watching this key risk that has previously been flagged by the Mozambique government.\" MS has an \"overweight\" rating and A$3.05/share target on South32. The stock ended Monday down 5.1%, at A$2.95. 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Yet similar negotiations around the world--including in New Zealand and Australia--have resulted in last-minute deals to protect jobs, says Anand. The smelter contributes roughly 4% of Mozambique's GDP, and creates thousands of direct and indirect jobs, he says. \"We also note S32 has been trading below fair value (base case: A$3.95/share) as the market has been watching this key risk that has previously been flagged by the Mozambique government.\" MS has an \"overweight\" rating and A$3.05/share target on South32. The stock ended Monday down 5.1%, at A$2.95. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 14, 2025 19:29 ET (23:29 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"}}}