Alcoa Bets on Aluminum Boom With $5.6 Billion South32 Deal

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.