Investing.com-- Australia’s South32 Ltd (ASX:S32) on Monday reported a strong recovery in its manganese operations as quarterly production exceeded guidance after being hit by storm delays. The Perth-based miner reported manganese ore production of 1.1 million wet metric tons (wmt) for the June quarter, up sharply from 534,000 wmt a year earlier, as operations resumed following Tropical Cyclone Megan’s impact. Still, Australia manganese operations are expected to report an underlying EBITDA loss of $100 million to $120 million in fiscal 2025 as the unit recovers from disruptions caused by the cyclone. The company also posted a 20% jump in copper output and 6% growth in aluminium for the full year. It highlighted progress at its Hermosa project in Arizona, where it invested $517 million this year, while continuing to streamline its portfolio with the divestment of Cerro Matoso. Sydney-listed shares of the company rose nearly 2% to A$2.95 in early trading hours. Before you buy stock in S32, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is S32 one of them?

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