South32 stock slips on metals pullback as ASX rises — what investors watch next
South32 shares fell 0.8% to A$3.81 on Thursday, underperforming the ASX 200 as base metals declined. Copper dropped 3.4% and nickel slid 4.4% amid supply concerns. South32 expects to idle its Mozal aluminium smelter in Mozambique by March 2026, citing a lack of a power deal and a $60 million charge. Investors await the company’s December-quarter report on Jan. 22.