South32 (ASX: S32): Portfolio Transformation, Copper and Zinc Growth, and Valuation Outlook
Oct 16, 2026
Proactive Equities Team
South32 is reshaping its portfolio by proposing to sell an aluminium asset, prioritising growth in copper and zinc. Stronger earnings and the Sierra Gorda and Hermosa developments support its outlook, while rising costs, execution risks and commodity volatility remain key considerations.