0021 GMT - Miner South32's quarterly production result should be a positive tailwind, albeit tempered by some higher cost guidance, says Citi analyst Paul McTaggart. "S32 delivered a reasonably strong December quarter production report with aluminum/alumina and Cannington leading the way and beat versus Citi expectations," McTaggart says in a note. He highlights South32's steady FY25 production guidance and notes an increase in working capital. South32 is up 1.2% at A$3.52. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
January 19, 2025 19:21 ET (00:21 GMT)
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