# Glencore to acquire 3.03% stake in Alunorte alumina refinery from CBA for $40M

Glencore will acquire a 3.03% stake in the Alunorte alumina refinery in Barcarena, Pará, Brazil, from Companhia Brasileira de Alumínio (CBA) for 237 million reais (approximately $40 million).

- Type: Acquisition
- Announced: 2024-11-28
- Where: Barcarena, Pará, Brazil
- Value: $40.0M
- Status: announced
- Products: alumina
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Hydro Inc.](https://endata.com/companies/1478.md) (partner)
- [Glencore](https://endata.com/companies/22952.md) (acquirer)
- [Companhia Brasileira de Alumínio](https://endata.com/companies/32162.md) (partner)

## Sources

- [news.metal.com](https://news.metal.com/newscontent/103062489-glencore-to-acquire-303-stake-in-brazils-alunorte-alumina-refinery-from-cba-for-40m), 2024-11-28: "Glencore will acquire a 3.03% stake in Brazil's Alunorte alumina refinery for 237 million reais (approximately $40 million)."

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