China’s Biggest-Ever Metals Deal Snaps Up Cleveland’s Aleris

  • Zhongwang to win new customers in aerospace, automatives
  • Chinese company subject to U.S. Commerce Department probe

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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