Aluminum Corporation of China and Alcoa buy 12 percent of Rio Tinto
Saturday, February 2nd, 2008The state-owned Aluminum Corporation of China and Alcoa suceeded Friday in taking a 12 percent stake in Rio Tinto. The Chinese company also said it might buy more shares to derail a hostile takeover attempt by BHP Billiton, a merger that China fears could drive up prices for raw materials.
It seems that the Chinese goverment […]
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