China's swoop on Boeing supplier points to aluminium's future
Purchase of Aleris by entrepreneur Liu Zhongtian for US$2.3b indicates Chinese firms are adding downstream capacity by acquiring overseas assets
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Shanghai
CHINA'S emergence as the world's biggest aluminium maker has shaken up the industry, creating a surplus that forced competitors to close plants as profit fell.
Alcoa Inc, an iconic US producer for more than a century, has shuttered all but one smelter and plans to split itself in two.
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