【SMM Aluminum Flash News】Hindalco Cancels $125M Acquisition of US AluChem Due to Delays

Published: Oct 19, 2026 10:26 (GMT+8)

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According to foreign media reports, Hindalco has cancelled its acquisition plan for US-based specialty alumina manufacturer AluChem. Aditya Birla Group (of which Hindalco is a subsidiary) stated in a press release that the share purchase agreement has been terminated due to prolonged closing delays beyond the control of both companies. The statement continued, “Hindalco’s overall strategy to scale up high-value, technology-driven value-added products (VAPs) in its specialty alumina business remains unchanged, and the company will continue to evaluate various opportunities, including those in the US, to align with this strategy.” The $125 million investment aimed to expand the production scale of ultra-low sodium alumina products.

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