South32 Suspends Operations at Mozambican Aluminum Smelter

South32 has halted operations at its Mozambican aluminum smelter, the second largest in the southern hemisphere, due to unsuccessful negotiations for an affordable power supply beyond this month. Bloomberg posted on X, highlighting the impact of the decision on the company's production capabilities. The smelter's closure comes after efforts to secure a cost-effective energy agreement fell through, posing challenges for South32's operations in the region. The company is now facing uncertainties regarding its future production plans in Mozambique.