Alcoa Corporation entered into a definitive agreement to acquire South32 Limited’s interests, including its bauxite mine, alumina refinery, and aluminum smelter operations in a cash and stock transaction of approximately $4.1 billion. Alcoa will also assume related rehabilitation provisions of approximately US$1.2B. According to Alcoa, the acquisition will add a high-quality, low-cost, and globally diversified […]
By Alton Tabereaux, Contributing Editor. Sixty-eight million tonnes of primary aluminum were produced worldwide in smelters in 2021. According to the Aluminium Stewardship Initiative (ASI), the aluminum sector was directly responsible for 275 million tonnes of CO2 emissions in 2021, a 2% increase over the previous year. If the indirect emissions from electricity are included, the […]
By Alton Tabereaux, Contributing Editor. A conspicuous transformation occurred in the world’s primary aluminum industry during the past five years with the construction of “Mega” aluminum smelters (>1 million tpy) in China, which have boosted aluminum production to levels not previously experienced by companies. Nine aluminum companies had an annual production greater than 2 million […]
