BUZZ-Australia's South32 rises as Q1 manganese output jumps
Reuters
Oct 21
BUZZ-Australia's South32 rises as Q1 manganese output jumps
** Shares of South32 S32.AX rise as much as 4.8% to A$3.27, hitting their highest level since April 1
** Stock set for strongest session since mid-October, if current gains hold
** Co's first-quarter manganese output more than doubles from a year earlier to 1.4 mln wet metric tons (wmt) after a recovery in operations
** Total quarterly production beats Visible Alpha's estimate of 1.23 million wmt
** Stock down 3.8% YTD, including the day's moves
(Reporting by Shivangi Lahiri in Bengaluru)
((shivangi.lahiri@thomsonreuters.com))
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