Ahhh OK. Not sure that article is especially well written, I mean it references an Alumina mine, which suggests the writer doesn't actually know much about the Aluminium production chain.
I lean more towards the below view that Citibank has presented, and you can see from it that the main drivers of a big year are Australian Manganese, Worsley Alumina and NSW Met Coal from 2019. I think their 2020 forecast shows how much these business lines have dropped which is what will hurt this year.
Their forward looking forecasts are questionable in my opinion, not sure Aluminium will ever spin as much money for S32 as they think it will in 2021, let alone 2022-2023. Those smelters are too high cost, and with inconsistent power supply comes inconsistent production and performance.
Ahhh OK. Not sure that article is especially well written, I...
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Last
$3.61 |
Change
-0.030(0.82%) |
Mkt cap ! $16.44B | |||
| Open | High | Low | Value | Volume |
| $3.67 | $3.68 | $3.61 | $52.15M | 14.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 218433 | $3.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.62 | 297602 | 58 |
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| Last trade - 12.49pm 11/07/2024 (20 minute delay) ? |
| S32 (ASX) Chart |