Browsing Tag
Hermosa
3 posts
South32 to sell aluminium assets to Alcoa for up to $5.6bn as ASX: S32 pivots to copper
South32’s largest portfolio reset since its creation will exchange a complex global aluminium chain for cash, Alcoa shares and greater exposure to copper and other higher-margin base metals.
South32 (ASX: S32) holds Alcoa deal gains as $5.6bn copper pivot faces execution test
South32 held most of its Alcoa deal rally, but selling 40% of EBITDA makes Sierra Gorda, Hermosa and capital discipline the real test.
ASX 200 climbs to two-week high as miners reignite commodity supercycle trade, BHP, Rio Tinto and Sandfire lead broad materials rally
Base metals are flat. Iron ore hasn't moved. So why are BHP, Rio Tinto and Sandfire ripping the ASX 200 to a two-week high? Sentiment is rotating fast.