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Will South32 head up or down in the long term?

Made up of assets deemed surplus by mining major BHP Billiton, the listing of South32 was initially met with a mediocre response from investors. Having now gained the backing of a number of analysts and institutional funds, the company should be poised to benefit from any upward shift in the market; any optimism that the company’s very existence would contribute to that shift has, however, faded.

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