Global Trade
February 3, 2026
Written by Stephanie Ritenbaugh
Rio Tinto and Aluminum Corporation of China Limited (Chalco) have agreed to form a joint venture to acquire Votorantim’s 68.596% interest in Companhia Brasileira de Alumínio (CBA) in Brazil.
Under the terms of the deal, the joint venture will be owned 33% by Rio Tinto and 67% by Chalco.
US aluminum scrap imports increased faster than exports through August, while similar tonnage gains kept net exports near year earlier levels.
Stellantis’ Etobicoke Casting Plant faces uncertain production commitments and potential operational disruption as Unifor prepares strike authorization votes.
Mumbai-based Hindalco said in a regulatory filing it would forgo the deal due to “extended closure delays beyond the control of either party."
LME aluminum prices moved lower into October as on-warrant stocks declined and investment firms reduced net-long exposure.
Indonesian unwrought aluminum exports increased sharply in August, with the US and South Korea accounting for a growing share of shipments.
