Alcoa to Acquire South32's Bauxite, Alumina, and Aluminum Assets for Up to $5.6B, Expanding Smelting Operations

Published: Jul 3, 2026 23:07
On July 1, Alcoa agreed to acquire South32’s bauxite, alumina, and aluminum assets in a deal valued at up to $5.6 billion, solidifying its position as a top producer. Alcoa’s CEO said the transaction expands the scale of the company’s smelting operations and is expected to immediately increase cash flow. The deal is expected to be completed in H1 2027, subject to shareholder and regulatory approvals.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
On July 1, Alcoa agreed to acquire South32’s bauxite, alumina, and alu - Shanghai Metals Market (SMM)