South32 drops 5%, Alaska project lifts copper outlook but cost concerns remain
South32 Ltd closed out Friday at A$4.21, falling 5.18%. That’s still ahead of the previous week’s A$4.14 finish. As of early Monday, the stock was yet to begin normal trading on the Australian Securities Exchange, with the market set to open at 09:59:45 Sydney time. South32 is getting tugged two ways right now. The stock covers a mix of metals—alumina, aluminium, copper, manganese, zinc, silver, lead—so shifts in industrial metals, changes in project costs, or new permitting can all swing how the market values it.