WEEKLY UPDATE

Key transactions
&
industry news

RJM's weekly update covers key events in infrastructure, metals and mining, chemicals, energy, transportation and logistics, building materials, manufacturing, and other industrial sectors we serve. Read each week to stay informed.

02/20/2026

Johnson Controls (NYSE:JCI), a global technology leader in energy efficiency, decarbonization, thermal management and mission⁠-⁠critical performance, has signed an agreement to acquire Alloy Enterprises, a Boston⁠-⁠based company specializing in a next⁠-⁠generation thermal management platform for high⁠-⁠performance data centers and other mission critical industrial applications.

Anglo American posts $3.7B loss on fresh De Beers write⁠-⁠down.

—Plus 33 major M&A deals
and top news stories.
02/13/2026

Ternium S.A. (NYSE:TX) has completed the acquisition of 153.1M ordinary shares of Usinas Siderúrgicas de Minas Gerais S.A.

Trump plans to roll back some tariffs on steel and aluminum goods, FT reports.

—Plus 32 major M&A deals
and top news stories.
02/06/2026

Papilo, the leading total waste management solutions provider backed by Impact Fund announces the strategic acquisition of Warwick-based Allwood Recycling Solutions.

Rio Tinto, Glencore scrap mining mega-merger.

—Plus 36 major M&A deals
and top news stories.
01/30/2026

Rio Tinto and Aluminum Corporation of China Limited have entered into a definitive agreement to acquire Votorantim’s ~69% controlling shareholding in Companhia Brasileira de Alumínio (CBA) for approximately $902.6M.

Hindalco announces plans for aluminum smelter expansion and downstream push.

—Plus 31 major M&A deals
and top news stories.
01/23/2026

Equinox Gold Corp. (TSX:EQX, NYSE American:EQX) completed the previously announced sale of its Aurizona Mine, RDM Mine and Bahia Complex located in Brazil to a subsidiary of the CMOC Group for total consideration of up to $1.015B.

Ramkrishna Forgings goes beyond steel, starts aluminum forging facility in Jharkhand.

—Plus 32 major M&A deals
and top news stories.
01/16/2026

Pacific Avenue's Alabama Metal Industries Corporation has announced the acquisition of Accurate Perforating Co., Inc. and its wholly owned subsidiary Accurate Metal Fabricating, LLC, a comprehensive metal fabrication platform serving critical high growth applications across North America.

Ghana advances plan for large-scale alumina refinery with proposal submission.

—Plus 39 major M&A deals
and top news stories.
01/09/2026

Bailey Private Equity Co., Ltd. and Woori Private Equity Asset Management Company, Ltd agreed to acquire Hyundai Integrated Forging Co. Ltd from Hyundai Steel Company (KOSE:A004020) for approximately $250M.

Rio Tinto in talks to buy Glencore to form world's biggest miner.

—Plus 49 major M&A deals
and top news stories.
12/19/2025

U.S.-based Talon Metals has entered into a definitive share purchase agreement with Lundin Mining to acquire 100% of Lundin Mining U.S., the subsidiary that indirectly owns the Eagle Mine and Humboldt Mill.

Jubilee continues to progress Zambian copper strategy.

—Plus 34 major M&A deals
and top news stories.