Deals
China Buying Boeing Supplier Signals Aluminum’s Future
- Top producer of metal using glut to make higher-value products
- Changing market spurs Alcoa to split as Liu swallows Aleris
China Buying Boeing Supplier Signals Aluminum's Future
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China’s emergence as the world’s biggest aluminum maker has shaken up the industry, creating a surplus that forced competitors to close plants as profit fell. Alcoa Inc., an iconic American producer for more than a century, has shuttered smelters in the U.S. and plans to split itself in two.
While some companies begin to show signs of stanching the red ink, there’s probably more disruption ahead.