Sydney, Feb 1, 2026, 17:18 (AEDT) — Market closed.
- South32 ended Friday at A$4.62, down 1.28%, having swung between A$4.505 and A$4.73 throughout the session
- Metals volatility rattled miners, yet the stock still ended January up about 30%
- Focus turns to South32’s half-year results and interim dividend, due Feb. 12
Shares of South32 Ltd fell 1.28%, ending Friday at A$4.62, with roughly 27.63 million shares traded, according to Investing.com. Still, the stock notched a roughly 30% rise for January. Trading picks up again Monday as the Australian market reopens. (Investing.com)
Commodity-focused stocks took a hit late in the week, dragged down by a steep drop in metals prices. Australia’s S&P Dow Jones Indices S&P/ASX 200 closed Friday 0.65% lower. (S&P Global)
South32 has set its sights on the next big date. The company confirmed it will publish its half-year results on Feb. 12 and make a call on an interim dividend payment, typically handed out halfway through the fiscal year. (Investegate)
Metals took a sharp hit as the weekend neared. Gold, silver, and copper all slid on Friday, stepping back from record highs hit earlier in the week. The drop came after Donald Trump named Kevin Warsh to lead the Federal Reserve, which sent the dollar higher, Reuters reported. Copper dropped 1.1% to $13,465 a metric ton by 1201 GMT, down from a peak of $14,527.50 the day before. Tom Price, an analyst at Panmure Liberum, said investors were “taking profits.” (Reuters)
South32, a diversified miner, holds stakes in alumina, aluminium, manganese, and copper. Its operations span Australia, South Africa, Brazil, Mozambique, and Chile. (Reuters)
South32 highlighted a critical operational risk close to its reporting line: in December, the company said it would place the Mozal aluminium smelter in Mozambique into care and maintenance by March after failing to secure a power deal. The temporary shutdown is designed to protect the plant but carries a $60 million one-off charge. CEO Graham Kerr called the talks “deadlocked on an appropriate electricity price.” (Reuters)
At the moment, the stock moves more in line with broader macro trends than as a standalone pick. When copper prices or the U.S. dollar swing significantly, South32 tends to track those shifts closely.
The week ahead is poised for volatility. If the dollar remains firm and metals keep falling, miners might see another steep decline. But if the recent sell-off stabilizes, those stocks could bounce back quickly.
Monday’s open will put Friday’s metal sell-off to the test. Traders will be watching closely for clues on how commodity swings could impact Australian resource stocks. The company’s crucial date to watch is Feb. 12, when it reports earnings and provides an update on its dividend policy.
The dividend timeline is next: the ex-dividend date on the ASX hits in early March, so anyone buying shares after won’t qualify for the next payout. Income-focused investors are watching closely for the Feb. 12 board decision.
