Today: 19 March 2026
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ASX:S32 19 January 2026 - 6 March 2026

South32’s 90% Base-Metals Bet Takes Shape as CEO Graham Kerr Pushes North America Pivot

South32’s 90% Base-Metals Bet Takes Shape as CEO Graham Kerr Pushes North America Pivot

South32 expects about 90% of its production to be in base metals within 18 months, outgoing CEO Graham Kerr told Financial Mail. Stephen Pearce became chair on March 1, and Matthew Daley is set to succeed Kerr as CEO later this year. The company posted first-half underlying earnings of $435 million, beating estimates. South32 will place its Mozal aluminium smelter in Mozambique into care and maintenance by March.
6 March 2026
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South32 CEO maps a sharper base-metals push as Mozal shutdown nears

South32 CEO maps a sharper base-metals push as Mozal shutdown nears

South32 CEO Graham Kerr said about 90% of the company’s production could soon be in base metals and exploration, as it prepares to mothball its Mozal aluminium smelter in Mozambique within weeks. Kerr will hand over to incoming CEO Matthew Daley later this year. The Mozal shutdown affects thousands of jobs and a third of Mozambique’s manufacturing. South32 shares traded ex-dividend on Thursday.
5 March 2026
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South32 share price ticks up on ASX; copper and Mozambique smelter clock back in focus

South32 share price ticks up on ASX; copper and Mozambique smelter clock back in focus

South32 shares closed at A$4.44, up 1.1% Monday, tracking firmer copper prices and a weaker U.S. dollar after a U.S. tariff ruling. The company’s Mozal aluminium smelter in Mozambique faces a shutdown next month due to power supply issues. Dividend record date is March 6, with payment on April 2. Investors remain focused on metals prices and the timing of operational changes.
23 February 2026
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South32 share price slips to A$4.39 as copper volatility and dividend dates come into view

South32 share price slips to A$4.39 as copper volatility and dividend dates come into view

South32 shares closed down 0.45% at A$4.39 on Friday, with 13.2 million shares traded. The company plans to start care and maintenance at its Mozal aluminium smelter in Mozambique around March 15 after failing to secure affordable power. Its interim dividend goes ex-dividend on March 5. Markets are watching copper prices and the Feb. 24 reopening of Chinese trading after the Lunar New Year break.
20 February 2026
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South32 share price edges up as miners ride BHP bounce; copper dip keeps lid on next session

South32 share price edges up as miners ride BHP bounce; copper dip keeps lid on next session

South32 shares closed up 0.7% at A$4.44 in Sydney after BHP’s earnings beat lifted sentiment across miners. The stock traded as high as A$4.58 before easing, while copper prices slipped in thin trade. Broker Morgans downgraded South32, and uncertainty remains over the upcoming wind-down at the Mozal aluminium smelter. The interim dividend goes ex on March 5.
17 February 2026
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Australia stock market jumps as miners rally, tech gets slammed; Xero sinks

Australia stock market jumps as miners rally, tech gets slammed; Xero sinks

Australia’s S&P/ASX 200 closed up 0.8% at 8,927, lifted by miners and energy stocks as materials surged 3.6%. Technology shares plunged, with Xero down 15.9% and WiseTech Global off 10.7%. The Reserve Bank raised rates by 25 basis points to 3.85%, its first hike in two years. Neuren Pharmaceuticals entered a trading halt.
4 February 2026
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South32 share price (ASX:S32) rebounds 2% after Monday drop, with results day looming

South32 share price (ASX:S32) rebounds 2% after Monday drop, with results day looming

South32 shares closed up 2.0% at A$4.51 in Sydney, rebounding from a 4.3% drop the previous day. The move comes ahead of the miner’s half-year results and interim dividend announcement set for Feb. 12. The Reserve Bank of Australia raised rates to 3.85%, lifting the Australian dollar above 70 U.S. cents. Silver prices remain volatile after a record high and steep drop last week.
3 February 2026
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South32 share price slides on metals rout — what to watch before Monday’s ASX open

South32 share price slides on metals rout — what to watch before Monday’s ASX open

South32 shares fell 1.28% to A$4.62 Friday as metals prices slumped, though the stock gained about 30% in January. Around 27.6 million shares changed hands. The company will report half-year results and decide on an interim dividend on Feb. 12. The Mozal aluminium smelter in Mozambique faces a $60 million charge as it prepares for shutdown by March.
1 February 2026
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South32 share price hits a 52-week high on ASX as rate bets shift and metals surge

South32 share price hits a 52-week high on ASX as rate bets shift and metals surge

South32 shares closed up 1.3% at A$4.56 in Sydney, hitting a 52-week high of A$4.59, with 15.35 million shares traded. Australian core inflation rose 0.9% for the quarter, prompting traders to price in a 73% chance of a rate hike by the RBA next week. The S&P/ASX 200 slipped 0.09% to 8,933.9 after the inflation report. Spot gold surged past $5,200 an ounce as the U.S. dollar weakened.
28 January 2026
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South32 share price near a 52-week high: what to watch as Australia Day shuts ASX

South32 share price near a 52-week high: what to watch as Australia Day shuts ASX

South32 shares closed Friday at A$4.39, just below their 52-week high after slipping 0.2% during the session. The ASX will remain shut Monday for Australia Day, with trading set to resume Tuesday. South32’s half-year results and interim dividend announcement are scheduled for Feb. 12. The company confirmed its Mozal aluminium smelter in Mozambique will enter care and maintenance in March after failing to secure a new power contract.
25 January 2026
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ASX 200 rebounds as jobs surprise lifts RBA hike bets; Santos leads energy

ASX 200 rebounds as jobs surprise lifts RBA hike bets; Santos leads energy

Australia’s S&P/ASX 200 rose 0.8% to 8,849, snapping a three-day losing streak, as energy and banks advanced but miners fell 1.6%. Santos and South32 each gained about 5%, while Northern Star dropped 8.8% on weak results. The unemployment rate fell to 4.1% and jobs surged by 65,200, lifting rate hike bets. AUSTRAC ordered an external audit of Airwallex over anti-money laundering concerns.
22 January 2026
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South32 share price jumps 5% after manganese rebound — what investors watch next

South32 share price jumps 5% after manganese rebound — what investors watch next

South32 shares jumped 5.26% to A$4.40 after reporting a 16.7% rise in quarterly manganese output, matching analyst forecasts. The stock touched its highest level since April 2023. The miner reaffirmed full-year production guidance but flagged a review of its Brazil Aluminium outlook after weak volumes. Mozal smelter in Mozambique will enter care and maintenance in March 2026 due to power supply issues.
22 January 2026
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Stock Market Today

  • SanDisk Valuation Examined After AI-Driven Rally and Data Center Deals
    March 19, 2026, 11:17 AM EDT. SanDisk (SNDK) shares surged on strong earnings, rising demand for NAND flash linked to AI workloads, and multi-year data center supply contracts indicating solid hyperscaler demand. The stock gained 2.35% in one day, 16.36% over seven days, and an impressive 248.19% in 90 days, with a one-year total shareholder return surpassing 1,176%. Analysts show divergent views: Vestra's valuation model pegs fair value near $717, suggesting the current price of $720 slightly overvalues the stock, citing aggressive AI-driven growth assumptions. Conversely, a discounted cash flow (DCF) model estimates intrinsic value at nearly $1,993, indicating a 64% discount to the market price. Investors should consider risks tied to hyperscaler orders, margin pressures, and data center capital spending, as high AI expectations may already be priced in. This analysis highlights SanDisk's complex valuation amid rapidly evolving AI infrastructure demand.
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