The reason S32 Al smelters are doing well is because China is having power problems and 2 million tonnes of aluminium capacity has been taken off line. Without this S32 would be marginal and will be possibly again as Eskom is already getting prepared for another power price increase in 2022.
S32 Metalloys is still closed even with Silicomanganese at a record US$2,500/tonne, so I guess S32 has basically given up on producing manganese alloys in the future in South Africa.
Good news for the SiMn and FeMn prices for the future if Metalloys stays shut down.
The new power prices which S32 know will come into affect in March 2022 may also help to dissuade S32 from restarting the smelter.
Anyway its good to see that S32 shareprice is improving slowly, it was a laggard for a while.
Ann: South32 to acquire up to an additional 25% of Mozal, page-22
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Last
$3.67 |
Change
-0.070(1.87%) |
Mkt cap ! $16.52B | |||
| Open | High | Low | Value | Volume |
| $3.64 | $3.69 | $3.63 | $12.96M | 3.573M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 85388 | $3.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.68 | 30175 | 16 |
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| Last trade - 11.46am 04/10/2024 (20 minute delay) ? |
| S32 (ASX) Chart |