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