NASDAQ:TMQ

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

Stock Market Today

  • UK Dairy Farms See Surge in ‘Battery Cow’ Intensive Farming Amid Cost Pressures
    May 26, 2026, 8:36 AM EDT. The UK has witnessed a more than doubling of intensive 'battery cow' dairy farms, which confine cows indoors year-round, rising to at least 180 units from 70 in 2015. The number of 'mega dairies' with over 700 cows also doubled to 40, driven by farmers facing soaring costs and selling milk below production cost, around 40p per litre. Despite environmental and welfare concerns linked to pollution, these large farms lack regulatory environmental permits. Major dairy processors like Arla, Müller, and Saputo profit amid struggling farmers. The trend reflects pressures on the dairy sector with calls for better oversight on factory-style production, concentrated mainly in regions like Devon, Cornwall, and Cheshire.