Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The share price of the new South32 mining company soared superlatively on day two. The demerged entity shot up 12% on the Australian Stock Exchange (ASX), rose 6.23% on top of Monday’s 3% rise in early morning trade on the Johannesburg Stock Exchange (JSE), and even closed higher at £1.08 a share in London, despite several investment banks having to shed the share to meet index-weighting mandates.
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