Acquisition History / Alcoa Corporation / South32 aluminium business (majority of aluminium assets)
Alcoa Corporation Acquires South32 aluminium business (majority of aluminium assets)
Announced July 2026 — $5.60B
What happened
South32, the Perth-based diversified miner, agreed to sell most of its aluminium business to US producer Alcoa for an implied enterprise value of up to US$5.6B, with Alcoa assuming about US$1.2B of closure liabilities. The sale lets South32 focus on copper under its new CEO.
- Acquirer
- Alcoa Corporation
- Target
- South32 aluminium business (majority of aluminium assets)
- Announced
- July 2026
- Price
- $5.60B
- Industry
- Aluminium smelting and alumina refining
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Alcoa Corporation acquire South32 aluminium business (majority of aluminium assets)?
Alcoa Corporation acquired South32 aluminium business (majority of aluminium assets) on July 2026. This was Alcoa Corporation's 1st publicly tracked acquisition out of 1 we have on record.
How much did Alcoa Corporation pay for South32 aluminium business (majority of aluminium assets)?
Alcoa Corporation paid $5.60B for South32 aluminium business (majority of aluminium assets).
What does South32 aluminium business (majority of aluminium assets) do?
South32, the Perth-based diversified miner, agreed to sell most of its aluminium business to US producer Alcoa for an implied enterprise value of up to US$5.6B, with Alcoa assuming about US$1.2B of closure liabilities. The sale lets South32 focus on copper under its new CEO.
What other Aluminium smelting and alumina refining companies has Alcoa Corporation acquired?
South32 aluminium business (majority of aluminium assets) is Alcoa Corporation's only publicly tracked acquisition in Aluminium smelting and alumina refining so far.