South Africa’s Industrial Development Corporation (IDC) is currently evaluating the possibility of acquiring Mozal, a major aluminium smelter located in Mozambique. The potential acquisition comes as Mozal’s current ownership structure is undergoing changes, creating an opportunity for the IDC. Details regarding the potential deal, including financial terms, remain undisclosed at this time. The IDC’s interest signals a potential expansion of its investment portfolio in Mozambique’s industrial sector. Mozal is a significant contributor to Mozambique’s economy and a key player in the regional aluminium market. Further announcements are expected as the IDC conducts its due diligence and assesses the feasibility of the acquisition. This move could have substantial implications for both the Mozambican economy and the broader Southern African aluminium industry.