# 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.

- Type: Acquisition
- Announced: 2026-07-01
- Value: $5.60B
- Status: announced
- Products: alumina, aluminium
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Alcoa Corporation](https://endata.com/companies/7297.md) (acquirer)
- [South32](https://endata.com/companies/33959.md) (target)

## Sources

- [south32.net](https://www.south32.net/news-media/latest-news/agreement-to-sell-aluminium-value-chain-assets-to-alcoa), 2026-07-01: "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."
- [australianminingreview.com.au](https://australianminingreview.com.au/news/alcoa-buys-south32-assets-for-8-1b/), 2026-07-01: "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."
- [skillings.net](https://www.skillings.net/alcoa-to-acquire-south32-assets-in-us5-6b-aluminum-mega-deal/), 2026-07-17: "This strategic move follows a year of high-stakes consolidation within the sector, coming on the heels of the Genesis and Vault mega-merger earlier this quarter."
- [uk.investing.com](https://uk.investing.com/news/stock-market-news/south32-sells-aluminium-assets-to-alcoa-for-up-to-56-billion-93CH-4777265), 2026-07-20: "South32 Limited announced today the sale of its aluminium value chain assets, excluding Mozal Aluminium, to Alcoa Corporation for an implied enterprise value of up to $5.6 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.