Australia’s South32 saw a 75% profit surge, driven by strong alumina division performance and higher commodity prices. However, it missed expectations, causing shares to drop by 2.1%. Alumina operations benefited from a 45% price increase, boosting earnings to $1.08 billion. The company anticipates 4% production growth for its Worsley Alumina operations in 2027.
Read more at Yahoo Finance: South32 annual profit surges on alumina operations strength, higher prices
