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Top Stories

Merger And Acquisition

Alcoa targets a larger aluminium, alumina and bauxite portfolio with the South32 acquisition
Bauxite
Alcoa will acquire South32's aluminium, alumina and bauxite business in a deal worth up to USD 5.6 billion, expanding its position across the aluminium value chain. According to Wood Mackenzie, the acquisition will raise Alcoa's aluminium smelting capacity by around 26 per cent and make it the world's largest equity-attributable bauxite producer. The consideration includes USD 3.1 billion in cash, about USD 1 billion in Alcoa shares through the issuance of approximately 17 million shares, aro ...
Constellium divests Chinese joint venture as part of Vision 2028 strategy
Downstream
Constellium has sold its ownership stake in its automotive structures joint venture in Changchun, China, along with its partner, to a Chinese automotive holding company. The Changchun facility manufactures aluminium crash management systems and other structural components for the Chinese automotive market. It employs around 200 people. The company said that the transaction is part of its Vision 2028 strategy to optimise its manufacturing footprint and improve competitiveness.  According to ...

Primary AL
Aluminium producers in the Gulf are increasing overseas acquisitions and investments as they seek to strengthen supply chains, expand market access and reduce exposure to regional risks. The trend comes as geopolitical tensions in the Middle East and disruptions around the Strait of Hormuz highlight the vulnerability of regional supply chains. Gulf producers currently account for close to 10 per cent of global aluminium output. The expansion drive also coincides with expectations of rising g ...
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