ASX:S32Metals and Mining
How Investors May Respond To South32 (ASX:S32) Suspending Mozal Aluminium Amid Power Supply Uncertainty
South32 announced it will curtail investment and prepare to place its Mozal Aluminium operation on care and maintenance after March 2026, following unsuccessful efforts to secure sufficient and affordable electricity beyond the current supply agreement.
The company will recognize a US$372 million impairment for Mozal in its 2025 results, reflecting higher uncertainty around future operating prospects and production volumes due to electricity supply challenges.
We’ll examine how the expected...