China aluminium makers to target auto, aerospace in global push

China aluminium makers to target auto, aerospace in global push
 

China's giant aluminium makers are pushing into the global automotive and aerospace markets, with industry sources expecting their presence to heat up competition and possibly spark a buying spree for Western metals companies.
China's top aluminium companies are venturing into the more lucrative parts of the global value chain, on course to seize market share from the likes of Alcoa and Constellium, as they look to buy into foreign firms to boost their technical know-how and expand their reach.
The chief executive of Novelis Inc, the world's largest maker of rolled aluminium products, said... read more

 
17 October 2016 in Business, Views: 38
Source: Reuters
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