Alcoa to acquire South32 aluminium value chain assets for US$5.6 billion

Alcoa will acquire South32's aluminium value chain assets, including interests in Worsley Alumina, Hillside Aluminium, MRN bauxite mine, Brazil Alumina refinery and Brazil Aluminium smelter, for an implied enterprise value of up to US$5.6 billion.

“This Transaction will unlock significant value for shareholders and repositions South32 as a leading upstream base metals focused company with high-margin assets and transformational growth.”south32.net

• 4 sources
• south32.netSouth32 announces agreement to sell aluminium value chain assets to AlcoaJul 1, 2026
• australianminingreview.com.auAlcoa buys South32 assets for $8.1bChloe CoutinhoJul 1, 2026
• skillings.netAlcoa to Acquire South32 Assets in US$5.6B Aluminum Mega-Deal | SkillingsCharles PittsJul 17, 2026
• uk.investing.comSouth32 sells aluminium assets to Alcoa for up to $5.6 billion By Investing.comJul 20, 2026

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