China And Rio Tinto Move To Buy Brazil’s Aluminium Champion CBA

2026-01-30 - 10:35

Key Points Chinalco and Rio Tinto agreed to buy Votorantim’s 68.6% stake in CBA for R$4.69 billion ($869 million). The buyers will run CBA through a Brazil-based joint venture, then move to buy remaining shares and possibly delist. Control of mines, smelters, and 1.6 GW of cleaner power makes CBA a strategic asset in a