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Alcoa Expands Upstream Aluminum Empire with $4.1 Billion South32 Acquisition

7:39am on Wednesday 1st of July, 2026 AEST Materials
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Alcoa Expands Upstream Aluminum Empire with $4.1 Billion South32 Acquisition

7:39am on Wednesday 1st of July, 2026 AEST
Key Points
  • Acquisition valued at $4.1 billion upfront plus $750 million contingent
  • Adds world-class assets in Australia, Brazil, and South Africa
  • Expected $900 million in operational synergies
  • Immediately accretive to earnings per share and free cash flow
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