Companies
Tuesday, 6/30, 11:43 PM
Alcoa Buys South32's Aluminum Business for Up to $5.6 Billion
- Alcoa is buying most of South32's aluminum business — bauxite mines, alumina refineries and smelters across three continents — for $4.1 billion upfront and up to $5.6 billion in all.
- It's a big bet on controlling the whole aluminum supply chain, just as electrification and steep US tariffs reshape the metal's economics.