Company Performance: Revenue, profit margins, and growth rates significantly influence investor confidence and thus, share price.

Iron Ore Prices: As a major iron ore producer, fluctuating iron ore prices directly impact SOC's profitability and stock value.

Global Economic Conditions: Economic growth or recession in key markets like China affects demand for iron ore and SOC's financial performance.

Production Volumes: SOC's ability to meet production targets and efficiently manage operations influences market perceptions of its value.

Operational Costs: Increases in mining costs, wages, and transportation expenses can erode profit margins and negatively impact the stock price.

Australian Dollar Exchange Rate: A stronger Australian dollar can make SOC's exports more expensive, potentially reducing revenue and affecting the stock price.

Dividend Policy: Decisions regarding dividend payouts can attract or deter investors, impacting share demand and value.

Regulatory Environment: Changes in mining regulations, environmental policies, and taxation can affect SOC's operational costs and profitability.

Market Sentiment: General investor optimism or pessimism towards the resources sector can influence SOC's stock price, regardless of fundamentals.