CRU aluminum news roundup

Alcoa completes Alumina Limited acquisition

Pittsburgh-headquartered Alcoa has concluded its agreed purchase of Australia-based Alumina Limited for around $2.8 billion. “The acquisition … strengthens Alcoa’s position as one of the world’s largest bauxite and alumina producers and is expected to result in long-term value creation from greater financial and operational flexibility,” said Alcoa’s president and CEO William Oplinger.