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South32 Ltd.

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ASX:S32 - 15 AUG,2025 ELLIOTT WAVE ANALYSISConclusion: Wave count is reconstructed to maximize the forecast probability. Wave 3))-purple can move up, but needs to move higher to confirm. Key Points: Wave 2))purple ended at 2.47, and then wave 3))purple is moving higher, if this is true, this stock could be headed to 8.00 - 10.00. But price action needs to move higher above 3.78 to confirm and maximize the weight and confidence for this view. While price must remain above 2.47 to keep this Bullish view valid. ©By Hua Chi Cuong (Shane), CEWA-M
ASX:S32Long
by ShaneHua
Our opinion on the current state of SOUTH32(S32)South32 (S32) was spun out of BHP Billiton in 2015, inheriting all of BHP's South African coal assets. It has since established itself as a diversified miner of base metals and minerals, including zinc, coal, aluminium, silver, lead, nickel, and manganese. The company operates in South Africa, South America, and Australia. In 2020, South32 separated its South African coal assets, particularly those supplying Eskom, into a separate entity, which was sold to Seriti on 1st June 2020. Concurrently, the company acquired the remaining 83% of Arizona Mining, which it did not already own. Arizona Mining holds extensive interests in zinc, manganese, and silver, described by South32's CEO, Graham Kerr, as "...one of the most exciting base metal projects in the world." This move reflects South32's broader strategy to distance itself from South Africa due to administrative and legislative uncertainties, a trend also observed with BHP and Anglo American. Kerr has stated that "...mining exploration is out of the question in South Africa until the new mining charter is finalised." Despite moving away from South African investments, South32 retains ownership of its South Deep mine for the time being. The company has also committed to a $1.4 billion share buy-back program. As part of its sustainability goals, South32 is transitioning its Hillside smelter to renewable energy sources, aiming to reduce reliance on Eskom over the next decade. In its results for the year to 30th June 2024, South32 reported a 3% decline in revenue and headline earnings per share (HEPS) of 6.5 cents (US), down from 22.6 cents in the previous year. The company stated, "Improved operating performance, disciplined cost management, and higher prices for our key commodities lifted our financial results to finish the year. As a result, we recorded FY24 Underlying EBITDA of US$1.8 billion and Underlying earnings of US$380 million." In a report for the three months to 30th September 2024, South32 announced the completion of the sale of Illawarra Metallurgical Coal, receiving upfront cash proceeds of US$964 million. The company expanded its capital management program by US$200 million and commenced an on-market share buy-back. It maintained FY25 production guidance for all operations, with aluminium production increasing by 5% as Hillside Aluminium tested its maximum technical capacity. In an update for the three months to 31st December 2024, South32 reported a 14% increase in quarterly alumina production and returned US$169 million to shareholders through dividends and share buy-backs. The company highlighted its strong balance sheet and platform for growth in minerals and metals critical to the global energy transition, stating, "Having successfully divested Illawarra Metallurgical Coal in the September 2024 quarter, we have a strong balance sheet and platform for growth in minerals and metals critical to the world's energy transition." Technically, the share experienced an upward trend following the COVID-19 pandemic but has been in decline since March 2022 due to falling commodity prices. South32 remains a volatile commodity share, influenced by global commodity price trends and its strategic positioning in the energy transition market.
JSE:S32
by PDSnetSA
Our opinion on the current state of SOUTH32(S32)South32 (S32) was spun out of BHP Billiton in 2015, inheriting BHP's South African coal assets. Today, it is a diversified miner of base metals and minerals, including zinc, coal, aluminium, silver, lead, nickel, and manganese, with operations in South Africa, South America, and Australia. In June 2020, South32 sold its South African coal assets to Seriti, reflecting its strategic move away from coal and a general distancing from South Africa due to the country's administrative and legislative uncertainty. The company is also focusing on other assets and growth opportunities globally. South32 made a significant acquisition by purchasing the remaining 83% of Arizona Mining, which has extensive interests in zinc, manganese, and silver. This acquisition positions South32 to capitalize on what CEO Graham Kerr described as "one of the most exciting base metal projects in the world." Like BHP and Anglo, South32 is moving away from South African investments until the new mining charter is finalized, focusing on more stable jurisdictions. South32 is actively reshaping its portfolio by selling off its South African coal interests while retaining its South Deep mine for now. The company has also committed to a $1.4 billion share buy-back program and is working to transition its Hillside smelter in South Africa away from reliance on Eskom by adopting renewable energy sources over the next decade. For the year ending 30th June 2024, South32 reported a 3% drop in revenue and headline earnings per share (HEPS) of 6.5 US cents, down from 22.6 US cents in the previous year. The company highlighted strong operational performance, disciplined cost management, and higher prices for its key commodities, contributing to FY24 underlying EBITDA of $1.8 billion and underlying earnings of $380 million. In its report for the three months ending 30th September 2024, South32 noted the completion of the sale of Illawarra Metallurgical Coal, with upfront cash proceeds of $964 million. The company expanded its capital management program by $200 million and continued its on-market share buy-back. South32 also maintained its FY25 production guidance for all operations, with a 5% increase in aluminium production at Hillside Aluminium as it tested its maximum technical capacity. Technically, South32's share price trended upward after the COVID-19 recovery, but it has been declining since March 2023 due to falling commodity prices. As a commodity-driven stock, it remains volatile, reflecting global fluctuations in base metal prices. While the company has strong potential, particularly as base metal prices recover, its exposure to market volatility makes it a higher-risk investment. Overall, South32 remains a well-managed mining conglomerate with growth potential in the medium term, especially as it expands its presence in base metals outside of South Africa.
JSE:S32
by PDSnetSA
Our opinion on the current state of SOUTH32(S32)South 32 (S32) was spun out of BHP Billiton in 2015 and contained all of BHP's South African coal assets. It is, in its own right, a diversified miner of base metals and minerals such as zinc, coal, aluminium, silver, lead, nickel and manganese. It operates in South Africa, South America, and Australia. The company has separated out its coal assets in South Africa and especially those which supply Eskom into a separate entity which was sold on 1st June 2020 to Seriti. At the same time, the company announced that it had bought the remaining 83% of Arizona Mining which it did not already own. Arizona Mining has extensive interests in zinc, manganese, and silver described by South 32's CEO, Graham Kerr, as "...one of the most exciting base metal projects in the world." Clearly, this is another international mining house that is distancing itself from South Africa because of the administrative and legislative uncertainty here. Kerr has stated that "...mining exploration is out of the question in South Africa until the new mining charter is finalised." In moving away from South African investments, South 32 is following in the footsteps of BHP and Anglo. In our view, South32 is an excellent mining conglomerate with good medium-term potential to exploit the recovery in base metals and minerals. The company has said that for the moment it plans to hold onto its South Deep mine. The company is continuing with its $1,4bn share buy-back. The company is working to supply its Hillside smelter with renewable energy and transition away from Eskom over the next 10 years. In its results for the year to 30th June 2023, the company reported revenue down 20% and headline earnings per share (HEPS) of 22,6c (US) compared with 59,5c in the previous year. The company said, "During the year, we delivered strong production growth in commodities that are critical for a low-carbon future. We set three annual production records and realised the benefit of our recent portfolio improvements, increasing aluminium production by 14 per cent, base metals by 17 per cent and manganese by 4 per cent." In a report on the 3 months to 30th September 2023, the company said manganese production was up 4% and alumina was up 3%. The CEO said, "We have maintained annual production guidance for all of our operations with a strong start to the year at our manganese operations, a 34 per cent increase in production at Brazil Alumina and continued growth in low-carbon aluminium volumes." In an update on the 3 months to 31st December 2023, the company reported copper equivalent production reduced by 3% and record aluminium production and zinc production up 13%. In a report on the 3 months to 31st March 2024, the company reported unchanged guidance with the exception of its Australian manganese operations which were impacted by hurricane Megan. In an update on the 3 months to 30th June 2024, the company reported achieving 98% of its copper equivalent guidance. The company said, "Our performance enabled us to capitalise on stronger commodity prices, lift sales volumes and release working capital, boosting cash generation in the quarter." Technically, the share was in an upward trend after COVID-19 but has been falling since March 2023 as commodity prices fell.
JSE:S32
by PDSnetSA
Our opinion on the current state of SOUTH32(S32)South32 (S32) is a major player in the global mining sector, initially spun off from BHP Billiton in 2015 to manage BHP's South African coal assets. Today, it stands as a diversified miner involved in the extraction of base metals and minerals like zinc, coal, aluminium, silver, lead, nickel, and manganese, with operations extending across South Africa, South America, and Australia. Significant strategic shifts have been a hallmark of South32's operational strategy. In a notable move, the company divested its South African coal assets, which primarily supplied Eskom, to Seriti as of 1st June 2020. This divestiture is part of a broader trend where South32 is reducing its exposure to South Africa, citing administrative and legislative uncertainties. This sentiment is mirrored in comments by CEO Graham Kerr, who has expressed reservations about mining exploration in South Africa until the mining charter is finalized. Concurrently, South32 has enhanced its investment in base metals through the acquisition of the remaining 83% of Arizona Mining, not previously owned. This acquisition is strategic, considering Arizona Mining's rich portfolio in zinc, manganese, and silver, which Kerr described as "one of the most exciting base metal projects in the world." Financially, South32 has faced challenges with its revenue down 20% for the year ending 30th June 2023. However, headline earnings per share (HEPS) stood at 22.6 cents (US), a decrease from the previous year's 59.5 cents. Despite this downturn, the company has reported strong production growth in commodities crucial for a low-carbon future, achieving record production levels in aluminium, base metals, and manganese. Continued operational updates through 2023 and into 2024 reveal a company adapting to market demands and environmental considerations. Notably, South32 plans to transition its Hillside smelter to renewable energy sources and reduce dependence on Eskom over the next decade. This is part of a $1.4 billion share buy-back plan, indicating confidence in the company's value and future. Recent production updates have been mixed, with stable guidance overall but specific challenges such as the impact of hurricane Megan on its Australian manganese operations. The company's share price has mirrored the volatility in the commodity markets, showing resilience post-COVID19 but facing declines as commodity prices fell since March 2023. In conclusion, South32 remains a robust entity in the mining sector with a strategic focus on diversification and sustainability. It offers significant potential for investors looking to engage with a company actively transitioning towards commodities that support a low-carbon future while navigating the complexities of global and regional mining landscapes.
JSE:S32
by PDSnetSA
Our opinion on the current state of S32South 32 (S32) was spun out of BHP Billiton in 2015 and contained all of BHP's South African coal assets. It is, in its own right, a diversified miner of base metals and minerals such as zinc, coal, aluminium, silver, lead, nickel and manganese. It operates in South Africa, South America and Australia. The company has separated out its coal assets in South Africa and especially those which supply Eskom, into a separate entity which was sold on 1st June 2020 to Seriti. At the same time the company has announced that it has bought the remaining 83% of Arizona Mining which it did not already own. Arizona Mining has extensive interests in zinc, manganese and silver described by South 32's CEO, Graham Kerr, as "...one of the most exciting base metal projects in the world". Clearly, this is another international mining house that is distancing itself from South Africa because of the administrative and legislative uncertainty here. Kerr has stated that "...mining exploration is out of the question in South Africa until the new mining charter is finalised". In moving away from South African investments, South 32 is following in the footsteps of BHP and Anglo. In our view, South32 is an excellent mining conglomerate with good medium-term potential to exploit the recovery in base metals and minerals. The company has said that for the moment it plans to hold onto its South Deep mine. The company is continuing with its $1,4bn share buy-back. The company is working to supply its Hillside smelter with renewable energy and transition away from Eskom over the next 10 years. In its results for the year to 30th June 2023 the company reported revenue down 20% and headline earnings per share (HEPS) of 22,6c (US) compared with 59,5c in the previous year. The company said, "During the year, we delivered strong production growth in commodities that are critical for a low-carbon future. We set three annual production records and realised the benefit of our recent portfolio improvements, increasing aluminium production by 14 per cent, base metals by 17 per cent and manganese by 4 per cent." In a report on the 3 months to 30th September 2023 the company said manganese production was up 4% and alumina was up 3%. The CEO said, "We have maintained annual production guidance for all of our operations with a strong start to the year at our manganese operations, a 34 per cent increase in production at Brazil Alumina and continued growth in low-carbon aluminium volumes." In an update on the 3 months to 31st December 2023 the company reported copper equivalent production reduced by 3% and record aluminium production and zinc production up 13%. Technically, the share was in an upward trend after COVID19, but has been falling since March 2023 as commodity prices fell.
JSE:S32
by PDSnetSA
RiskMastery's Red Flag Stocks - S32 EditionWelcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential. In this edition, we'll be looking at ASX:S32 ... I believe this code is at a point of potential volatility. If price can hold below $3.24 ... Bearish potential may be unlocked. My key downside targets include: - $2.69 (Conservative) - $2.45 (Medium) - $1.955 (Aggressive) If however price breaks above $3.60 ... Bullish potential may be unlocked. (My key risk targets - C, M,& A - are as noted on the chart) Enjoy, and I look forward to being of further service into the future. If you'd like to connect, feel free to reach out and comment below. Mr RM | Risk Mastery Disclaimer: This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
ASX:S32Short
by Bullfinder-official
JSE's South32 Limited to journey North or South?JSE:S32 took off from the lows of R16.37 in March 2020 and went on a +230% impulsive rally to R62.50 that ended in March 2022 before price started moving sideways to correct. Considering the latest price action, the instrument has been correcting in the form of a bullish flag and is currently trading at R40.80 above the 50 Day EMA after a double bottom structure reaction between the 50% and 61.80% Fib retracement levels of the March 2020-2022 impulse. Price has also gapped up between R38.00 and R39.00, calling for a mini retracement on the lower time frames before possibly continuing higher. On the Daily time frame, the RSI just touched overbought levels and plonked down towards neutral levels, supporting sentiments for a pullback. On the Weekly chart, the RSI just came from sniffing oversold levels and is currently above the smoothing average but still trading under the 50 Week EMA. To the upside, we can see the instrument reaching for targets at R62.50, R80.00, R96.00 and R136.60. Earnings data coming out on 15 Feb 2024 should be a catalyst for any further price movement to have price trading above the 50 WEEK EMA. Long term Bullish sentiments will be turned neutral if the 50 Week EMA (currently sitting at R44.00) acts as resistance and the instrument ends up slipping below R37.00. A bearish outlook will pull a seat to join the table below R33.90.
JSE:S32Long
by Source_Sailor
Our opinion on the current state of S32South 32 (S32) was spun out of BHP Billiton in 2015 and contained all of BHP's South African coal assets. It is, in its own right, a diversified miner of base metals and minerals such as zinc, coal, aluminium, silver, lead, nickel and manganese. It operates in South Africa, South America and Australia. The company has separated out its coal assets in South Africa and especially those which supply Eskom, into a separate entity which was sold on 1st June 2020 to Seriti. At the same time the company has announced that it has bought the remaining 83% of Arizona Mining which it did not already own. Arizona Mining has extensive interests in zinc, manganese and silver described by South 32's CEO, Graham Kerr, as "...one of the most exciting base metal projects in the world". Clearly, this is another international mining house that is distancing itself from South Africa because of the administrative and legislative uncertainty here. Kerr has stated that "...mining exploration is out of the question in South Africa until the new mining charter is finalised". In moving away from South African investments, South 32 is following in the footsteps of BHP and Anglo. In our view, South32 is an excellent mining conglomerate with good medium-term potential to exploit the recovery in base metals and minerals. The company has said that for the moment it plans to hold onto its South Deep mine. The company is continuing with its $1,4bn share buy-back. The company is working to supply its Hillside smelter with renewable energy and transition away from Eskom over the next 10 years. In its results for the year to 30th June 2023 the company reported revenue down 20% and headline earnings per share (HEPS) of 22,6c (US) compared with 59,5c in the previous year. The company said, "During the year, we delivered strong production growth in commodities that are critical for a low-carbon future. We set three annual production records and realised the benefit of our recent portfolio improvements, increasing aluminium production by 14 per cent, base metals by 17 per cent and manganese by 4 per cent". In a report on the 3 months to 30th September 2023 the company said manganese production was up 4% and alumina was up 3%. The CEO said, "We have maintained annual production guidance for all of our operations with a strong start to the year at our manganese operations, a 34 per cent increase in production at Brazil Alumina and continued growth in low-carbon aluminium volumes". Technically, the share was in an upward trend after COVID19, but has been falling since March 2023 as commodity prices fell.
JSE:S32
by PDSnetSA
S32 Arriving at interesting ZoneS32 appears to have set a cycle low on 26 June but then quickly went below it. We can expect price to push to break the resistance and close below it. We are watching the construction of a bullish reversal so this bearish thesis is not one we expect to last long, it can also have a violent move downwards as a convincing close below the support will psychologically push many bulls over the cliff. We will be patient watching where the dust will settle then assess a bullish scenario.
JSE:S32
by runyamhere
Our opinion on the current state of S32South 32 (S32) was spun out of BHP Billiton in 2015 and contained all of BHP's South African coal assets. It is, in its own right, a diversified miner of base metals and minerals such as zinc, coal, aluminium, silver, lead, nickel and manganese. It operates in South Africa, South America and Australia. The company has separated out its coal assets in South Africa and especially those which supply Eskom, into a separate entity which was sold on 1st June 2020 to Seriti. At the same time the company has announced that it has bought the remaining 83% of Arizona Mining which it did not already own. Arizona Mining has extensive interests in zinc, manganese and silver described by South 32's CEO, Graham Kerr, as "...one of the most exciting base metal projects in the world". Clearly, this is another international mining house that is distancing itself from South Africa because of the administrative and legislative uncertainty here. Kerr has stated that "...mining exploration is out of the question in South Africa until the new mining charter is finalised". In moving away from South African investments, South 32 is following in the footsteps of BHP and Anglo. In our view, South32 is an excellent mining conglomerate with good medium-term potential to exploit the recovery in base metals and minerals. The company has said that for the moment it plans to hold onto its South Deep mine. The company is continuing with its $1,4bn share buy-back. The company is working to supply its Hillside smelter with renewable energy and transition away from Eskom over the next 10 years. In its results for the year to 30th June 2023 the company reported revenue down 20% and headline earnings per share (HEPS) of 22,6c (US) compared with 59,5c in the previous year. The company said, "During the year, we delivered strong production growth in commodities that are critical for a low-carbon future. We set three annual production records and realised the benefit of our recent portfolio improvements, increasing aluminium production by 14 per cent, base metals by 17 per cent and manganese by 4 per cent". Technically, the share was in an upward trend after COVID19, but has been falling since March 2023 as commodity prices fell.
JSE:S32
by PDSnetSA
UPDATE SOUTH32 Target reached at R37.31 - Watch outSince the Inverse C&H, the price broke below the brim level and since then has been on a downward trajectory. The downtrend, was the other confirming indicator that this was about to drop. I definitely didn't expect the drop to be short and explosive, but for a trader it's always better to be in and out. Now, there will most likely be some chop in the middle, which will scare both buyers and sellers. Best to do is wait for the next formation before jumping. I'll let you know.
JSE:S32Short
by Timonrosso
South32 living up to its name - Target R37.31Inv Cup and Handle formed on S32 and the price broke below. Not the momentum is picking up and things aren't looking good for it. We have other indicators... 200>21>7 RSI<50 Target 1 will be at R37.31. But I'll update as we go. ABOUT THE COMPANY South32 is a global mining and metals company. South32 was founded in 2015. The company was initially a part of BHP Billiton before it was spun off as a separate entity. The name "South32" is derived from the latitude line that links its two main hubs in Australia and South Africa. South32's portfolio includes operations in mining and production of bauxite, alumina, aluminum, coal, nickel, silver, lead, and zinc. South32 operates across several continents, including sites in Australia, Africa, and South America. The company's headquarters are located in Perth, Western Australia. South32 is listed on three stock exchanges: the Australian Securities Exchange (ASX), the Johannesburg Stock Exchange (JSE), and the London Stock Exchange (LSE). One of its significant assets is the Cannington mine in Queensland, Australia, one of the world's largest producers of silver and lead.
JSE:S32Short
by Timonrosso
S32 Forms Bearish ViewPrice for S32 has formed an inclining resistance that forms a megaphone when read with the lower support line. It has also put in reversal candles around current price level. When price forms a swing high we will have further confirmation that price is beginning to trend downwards with an objective to close the short position when price forms a swing low near or below the supporting trendline. If it bounces off the support one can turn long with objective for price to come near the declining trendline resistance, we will review again for a short opportunity.
JSE:S32Short
by runyamhere
South 32 showing upside to R58.34 but WAIT!Symmetrical Triangle has formed on South 32. But we need to WAIT for the price to break up and out of the apex. That will fulfil the Continuation pattern of the triangle. Also you can see why we have to wait is because of the other indicators. Mixed MAs RSI - Middle Target R58.34 WAIT FOR BREAK ABOUT THE COMPANY South32 is a global mining and metals company headquartered in Perth, Australia. South32 was established in 2015 following a demerger from BHP Billiton (now known as BHP Group - JSEBHG), the world's largest mining company. The company is named after the 32nd parallel south line of latitude where Australia and South Africa, its two original countries of operation, are located. South32 is a multinational company that operates across several continents, including Australia, Africa, and South America. The company is listed on three stock exchanges: the Australian Securities Exchange (ASX), London Stock Exchange (LSE), and Johannesburg Stock Exchange (JSE). South32's portfolio includes operations in alumina, aluminium, coal, nickel, silver, lead, and zinc. The company operates large-scale, high-quality assets, including the Worsley Alumina in Australia, Cannington in Australia, and Hillside Aluminium in South Africa, among others. South32 is committed to responsible and sustainable mining practices and strives to reduce the environmental impact of its operations. HOW IT GOT ITS NAME South32 derived its name from the 32nd parallel south line of latitude. The line of latitude passes through both Australia and South Africa, which were the two primary locations of the company's operations at the time of its inception.
JSE:S32Long
by Timonrosso