Insight
Alcoa and Alumina Ltd: An acquisition to make way for other acquisitions?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
US aluminium producer Alcoa announced a US$2.2 bn all-stock buyout proposal for its Australian joint venture partner Alumina Limited. The transaction will enhance Alcoa’s position as one of the largest bauxite and alumina producers in the world. The combined entity will be the second-largest bauxite producer after Rio Tinto.
Table of contents
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Executive Summary
- Alcoa increases its footprint in the upstream aluminium business.
- The ex-China alumina market is concentrated.
- Alumina supply security is the rationale for most of the deals
- Who is yet to jump on the M&A bandwagon?
Tables and charts
This report includes 4 images and tables including:
- Bauxite producers and percentage of global bauxite supply, 2023
- Alumina producers and percentage of global supply, 2023
- Smelter grade alumina balance by equity, 2024 estimates
- Recent corporate activity: Alumina refineries
What's included
This report contains:
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