ASX:S32Metals and Mining
South32 (ASX:S32) Is Down 7.1% After Mozal Power Update and Impairment Plan - Has The Bull Case Changed?
Earlier this week, South32 announced an update on its work to secure a new electricity supply agreement for the Mozal Aluminium smelter, along with plans to recognise an impairment expense in its fiscal year 2025 results.
This operational development highlights South32's reliance on regional hydroelectric power, while also signaling future earnings pressure from the anticipated impairment charge.
We’ll explore how the anticipated impairment expense for Mozal could influence South32’s broader...