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2016-08-31 — bloomberg.com
China's influence in global metals markets just stepped up a gear after the owner of its top supplier of aluminum products agreed to buy Aleris Corp. of the U.S. for $2.3 billion, marking the nation's biggest-ever overseas purchase of a metals processor.
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China Zhongwang is Asia's biggest producer of extruded aluminum, and already has ambitions to sell aluminum sheet to China's emerging auto and aerospace industries. It's due this year to start up a flat-rolled aluminum plant in Tianjin, near Beijing, which will supply products that China still has to import.
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