South32 Could Explore Larger Buybacks, Acquisitions After Aluminum Sale

Dow Jones09:58

0158 GMT - South32 is expected to accelerate capital-management initiatives once it closes the sale of its aluminum-related assets--excluding the idled Mozal smelter--to Alcoa, Jefferies says. That could include larger share buybacks, according to Jefferies. The bank says it also "can't rule out [the] potential for a more aggressive inorganic growth strategy." Jefferies has a buy rating and A$5.80 target on South32. Shares are up 8.7% at A$4.24. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

June 30, 2026 21:58 ET (01:58 GMT)

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That could include larger share buybacks, according to Jefferies. The bank says it also \"can't rule out [the] potential for a more aggressive inorganic growth strategy.\" Jefferies has a buy rating and A$5.80 target on South32. Shares are up 8.7% at A$4.24. 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The bank says it also \"can't rule out [the] potential for a more aggressive inorganic growth strategy.\" Jefferies has a buy rating and A$5.80 target on South32. Shares are up 8.7% at A$4.24. 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