ASX:S32 1 May 2026 - 9 June 2026

South32 Shares Move Up With ASX Mining Sector; Where Does S32 Stand Now?
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South32 Shares Move Up With ASX Mining Sector; Where Does S32 Stand Now?

South32 closed at A$4.52 on June 12, up from A$4.37, as Australian mining stocks rallied with the S&P/ASX 200 rising 1.8% after U.S.-Iran tensions eased. The stock remains below last week’s A$4.75. South32’s June-quarter report is due July 20, with FY26 results expected August 27. The company recently lowered its FY26 Australia Manganese outlook after weather disruptions.
June 12, 2026
South32 Catches Citi Copper Call, Local Sellers Step In
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South32 Catches Citi Copper Call, Local Sellers Step In

South32 shares fell 2.16% to A$4.53 in Sydney Tuesday, with 14.79 million shares traded. The drop came despite Citi naming South32 its top mining pick after raising copper and aluminium forecasts. The S&P/ASX 200 closed down 0.24% at 8,604.2, as miners including BHP and Rio Tinto also declined. The market reopened after the King’s Birthday holiday.
June 9, 2026
South32 stock gets Citi’s copper boost — Tuesday’s open could decide the trade
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South32 stock gets Citi’s copper boost — Tuesday’s open could decide the trade

Citi named South32 its preferred mining stock, lifting its London target price to 320 pence, after raising long-term copper forecasts. South32 shares last closed at A$4.63, down 2.5% on Friday, as the ASX materials sector fell 2.31%. The ASX was closed Monday for the King’s Birthday, leaving investors to digest two days of global moves. Copper settled at $13,731 a tonne on June 5.
June 9, 2026
South32 Shares Slip From One-Year Peak as Traders Watch Next Move
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South32 Shares Slip From One-Year Peak as Traders Watch Next Move

South32 shares closed at A$4.63 Friday, down 3.7% for the week after hitting a one-year high of A$4.95 on June 3. The ASX will remain shut Monday for the King’s Birthday holiday. Aluminium and copper prices remain strong, but manganese output cuts and cost inflation continue to weigh. The S&P/ASX 200 fell 0.70% Friday, with materials down 2.31%.
June 7, 2026
South32 Drops in Early Trading Ahead of ASX After $100m Copper Plan Raises Cost Worries
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South32 Drops in Early Trading Ahead of ASX After $100m Copper Plan Raises Cost Worries

South32 closed at A$4.03, down 4.28% on Monday, as the S&P/ASX 200 fell 1.45% and materials stocks slumped. Sierra Gorda, 45% owned by South32, announced a $100 million, five-year copper exploration plan in Chile. Investors weighed the new copper push against ongoing cost concerns at South32’s Hermosa project in Arizona. The company also cut its fiscal 2026 production guidance.
May 19, 2026
South32 drops 5%, Alaska project lifts copper outlook but cost concerns remain
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South32 drops 5%, Alaska project lifts copper outlook but cost concerns remain

South32 closed Friday at A$4.21, down 5.18%, ahead of Monday’s Australian session. The company faces higher capital costs at its Hermosa project in Arizona, now estimated at $3.3 billion, with first output delayed to late 2028. The Arctic Project in Alaska, a joint venture with Trilogy Metals, gained U.S. FAST-41 permitting status last week. Broader metals and mining shares also fell Friday amid weaker copper and gold prices.
May 17, 2026
South32 Gets Alaska Copper Permit Lift, Hermosa Still in Focus
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South32 Gets Alaska Copper Permit Lift, Hermosa Still in Focus

South32’s Ambler Metals joint venture with Trilogy Metals secured FAST-41 permitting status for the Arctic copper-zinc project in Alaska. South32 shares fell 5.18% to A$4.21 Friday amid a wider mining sector decline. The news comes as investors weigh delays and higher costs at South32’s Hermosa project in Arizona. The Arctic project is estimated to produce 10,000 tons of ore daily over 13 years.
May 16, 2026
Rio Tinto-Backed MRN Clears $1.8 Billion Brazil Bauxite Hurdle
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Rio Tinto-Backed MRN Clears $1.8 Billion Brazil Bauxite Hurdle

MRN received an IBAMA installation licence for the Novas Minas bauxite project in Pará, clearing the way for construction and operations through 2041. The project, backed by Rio Tinto, Glencore, and South32, is expected to preserve over 7,500 jobs and generate 380 million reais annually in taxes. MRN plans to invest 9 billion reais and maintain annual output near 12.5 million metric tons.
May 1, 2026