South32 Reports Strong H1 Earnings Across Multiple Commodities

South32 Ltd. reported robust half-year earnings for December, with significant gains across its alumina, aluminium, copper, zinc, and manganese operations. The company's performance reflects improved commodity pricing and operational efficiency. The Perth-based mining group posted a 25% increase in underlying earnings before interest, taxes, depreciation and amortization to A$1.2 billion. Alumina production contributed A$450 million, while aluminium operations generated A$380 million. Copper and zinc segments each delivered A$200 million in EBITDA, with manganese contributing A$120 million. The results surpass analyst expectations of A$950 million in underlying EBITDA. South32's shares rose 3.2% following the announcement, trading at A$12.80 as of January 22, 2026.