Financial PressureS32 announced a modest capex deferral program in response to a squeeze in margins, signaling potential financial pressure.
Operational DelaysThe delay in recommencement of shipments due to the outage at the Australian manganese operation is expected to last several months.
Production ChallengesS32’s March quarter production results were slightly weaker than expected, with key outputs like copper, metallurgical coal, and zinc not meeting forecasts.