South32 Ltd. will focus on copper and zinc after selling off the aluminum business that accounted for 60% of earnings, with the disposal announced on Chief Executive Officer Matt Daley’s first day in the role.
South32 Ltd. will focus on copper and zinc after selling off the aluminum business that accounted for 60% of earnings, with the disposal announced on Chief Executive Officer Matt Daley’s first day in the role.
Alcoa Corp. has agreed to buy South32 Ltd.’s bauxite, alumina and aluminum assets in a deal worth as much as $5.6 billion, cementing its position as a top producer as long-term demand strengthens and the Iran war exposes supply concerns.
Alcoa Corp. has agreed to buy South32 Ltd.’s bauxite, alumina and aluminum assets in a deal worth as much as $5.6 billion, cementing its position as a top producer as long-term demand strengthens and the Iran war exposes supply concerns.
The South32 logo atop 108 St Georges Terrace, left, the BHP Group logo atop Brookfield Place, center, and the Rio Tinto Group Ltd. logo atop Central Park tower, in Perth, Australia, on Friday, Jan. 17, 2025. Rio Tinto Group and Glencore Plc have been discussing combining their businesses, which if successful would rank as the largest-ever mining deal and create a behemoth to rival longstanding leader BHP Group.
Rio Tinto Group and South32 Ltd. have offered Japanese clients third-quarter aluminum supply at record premiums, said traders familiar with the matter, after conflict in the Middle East tightened the global market.
Rio Tinto Group and South32 Ltd. have offered Japanese clients third-quarter aluminum supply at record premiums, said traders familiar with the matter, after conflict in the Middle East tightened the global market.
A worker handles aluminum extrusions at the Kato Light Metal Industry Co. factory in Kanie, Aichi prefecture, Japan, on Friday, March 27, 2026. Japan’s reliance on the Middle East for aluminum is forcing companies to cut back on production and scramble for alternative supply sources after key shipping routes were severed due to the Iran conflict. Photographer: Louise Delmotte/Bloomberg
South32 Ltd. idled its Mozambican aluminum smelter, Europe’s biggest source of the metal, after talks failed to secure an affordable power supply deal beyond this month, tightening global supplies just as the Iran war prompted Bahrain to curtail output at the world’s biggest facility.
South32 Ltd. idled its Mozambican aluminum smelter, Europe’s biggest source of the metal, after talks failed to secure an affordable power supply deal beyond this month, tightening global supplies just as the Iran war prompted Bahrain to curtail output at the world’s biggest facility.
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