Alcoa to Acquire South32's Bauxite, Alumina, and Aluminum Assets for $4.1 Billion

Alcoa Corporation has entered into a definitive agreement to acquire South32 Limited's interests in bauxite mine, alumina refinery, and aluminum smelter operations in a cash and stock transaction valued at approximately $4.1 billion upfront. This acquisition aims to strengthen Alcoa's mine-to-metal platform, expand its global footprint, and enhance its ability to generate long-term value. Alcoa will hold a conference call to discuss the announcement at 7:00 p.m. Eastern Time on June 30, 2026.