South32 shareholders vote on $8B sale of aluminium assets to Alcoa, shifting focus to base metals.

South32 shareholders are voting on an $8 billion deal to sell aluminium and alumina assets to Alcoa, marking a strategic shift towards higher-growth base metals like copper and silver. The sale includes major stakes in Worsley Alumina and other facilities, and will reduce South32's environmental liabilities by about $1.1 billion. South32 plans to distribute half of the Alcoa shares received to shareholders, but earnings may dip temporarily as new projects ramp up. An independent expert has deemed the deal fair, with Alcoa shares trading well above the valuation threshold.

Alcoa Corporation's stock is currently priced at USD 40.08 on Pluang, down 3.40% in the last day, with a market cap of $10.95 billion. This trading data provides context to South32's strategic move involving Alcoa shares. The figures are as of Oct 15, 2026 08:02 WIB.