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Reuters

South32 to sell aluminium assets to Alcoa for up to $5.6 bln

7/1/2026, 05:44 AM GMT+8 Reuters

Sources: Reuters
Markets: Stocks
Active symbols: ASX:S32, NYSE:AA
Language: English

Australia's South32 ASX:S32 said on Wednesday it has agreed to sell its aluminium value chain assets to Alcoa NYSE:AA for an implied enterprise value of up to $5.6 billion.Seprately, the diversified miner also announced that Matthew Daley has commenced as chief executive officer and managing direct…

Australia's South32 ASX:S32 said on Wednesday it has agreed to sell its aluminium value chain assets to Alcoa NYSE:AA for an implied enterprise value of up to $5.6 billion.

Seprately, the diversified miner also announced that Matthew Daley has commenced as chief executive officer and managing director for the firm, replacing Graham Kerr.