South32 expects further production growth in H2; flags $100m build in working capital

South32 expects further production growth in H2; flags $100m build in working capital: Diversified miner South32 achieved a 12% year-on-year increase in group copper equivalent production for the first half of the 2023 financial year on the back of recent investments in copper and low-carbon aluminium capacity. 'Group copper equivalent production increased . . . as we benefitted from transactions that have repositioned our portfolio toward metals critical for a low-carbon future.

2023 LIKELY TRENDS and ACTIONS to take !

  The explosive 2022 ,what with continuinng Covid and then Russian invasion of Ukraine which turned into an almost full scale war much to the surprise of every one including Russia that miscalculated the response of the world to their invasion attempt! 

This     caused  stock markets to plunge world wide to their lowest points for the last eight years. Then a slow recovery started of share prices. There is still an average fifteen percent shortfall on our local market. Prices are now paused as we do not know if there is the will to seek a compromise or barrel on to a full scale nuclear war! 

   China has taken the side of Russia as they see this as an opportunity to seize Taiwan,but are hesitating about invading right now as the world punishes modern Russia threatening to turn into a stone age country if it turns to nuclear weapons!

    Of course many African and Asian countries favour Russia who over the last couple of decades has supplied them with  weapons of war, as they are mostly corrupt and plunge deeper into chaos.

    At this stage it is difficult to judge if this is a buying opportunity as the world teeters on armageddon! Athhough there seem to be plenty of great  stocks at very reasonable prices,our opinion only is not to invest right now except perhaps to buy physical amounts of precious minerals and metals and keep them in diffferent countries and places.We realise these are dire  ideas.

   Southern Africa has many strategic minerals at its disposal as well and unfortunately could find itself in the middle of this armed struggle if this war escalates , therefore we should all pray for peace and take every step to encourage at every step the protagonists to reach an understanding that will bring the war to an equitable end.

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