Tag: South32 FY26 outlook

South32 will place its aluminium smelter in Mozambique on care and maintenance in March 2026 after failing to secure a new electricity supply agreement beyond the current contract expiry with Hidroeléctrica de Cahora Bassa. Negotiations with the Mozambican government, HCB, and Eskom stalled due to unresolved power pricing and ongoing drought. One-off shutdown costs are…