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Alcoa has agreed to acquire Alumina (look it up). Both companies own bauxite mines and refineries - these refineries turn bauxite into aluminum. Both are
Alcoa has agreed to acquire Alumina (look it up). Both companies own bauxite mines and refineries - these refineries turn bauxite into aluminum. Both are large firms in bauxite mining supply and demand (they own mines and also own refineries). What do you think this will do to the market price of aluminum? Given they each owned portions of the same mine, how do you think them being competitors but sharing a facility will impact market prices? Finally, how will this affect the value of recycled aluminum - a near-substitute for virgin aluminum
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