Latest South32 Acquisition News

Alcoa delivered a $483 million third-quarter profit and its sixth consecutive quarter of higher aluminium production, while South32 shareholders approved the company’s planned upstream asset acquisition. The deal remains targeted for completion in the first half of 2027, with $2.6 billion of acquisition financing now raised.

Alcoa Corporation has filed to register shares of its common stock to be issued in connection with its $4.1 billion acquisition of South32 Limited’s upstream aluminum assets, spanning Australia, Brazil and South Africa. The deal includes cash, stock consideration, and contingent payments linked to commodity prices, pending customary approvals and shareholder support.

Alcoa Corporation posted a strong second quarter with $407 million net income, driven by record aluminum segment earnings and higher prices, while advancing its $4.1 billion acquisition of South32’s upstream assets with bridge financing in place.

Alcoa Corporation delivered a record quarterly revenue of $4 billion in Q2 2026, boosted by strong aluminium prices and operational restarts, while advancing a major acquisition of South32’s upstream assets.

Alcoa Corporation has agreed to acquire South32’s bauxite, alumina, and aluminum assets for $4.1 billion upfront plus up to $750 million contingent, significantly boosting its upstream aluminum operations and supply chain resilience.

Alcoa Corporation is set to acquire South32’s bauxite, alumina, and aluminum assets for $4.1 billion upfront plus up to $750 million contingent, boosting its global scale and supply chain resilience.