Indian tycoon has golden opportunity in aluminium
An employee walks past rolls of aluminum foil in a shop of the Rusal's SAYANAL foil mill outside the town of Sayanogorsk, Russia, September 3, 2015.
Source: REUTERS/Ilya Naymushin
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A reported $2.5 bln bid from Hindalco for U.S. aluminium producer Aleris would mark a shift in focus to growth for Kumar Mangalam Birla. The headline price is punchy. But surging demand for electric vehicles and more fuel-efficient petrol cars should be great news for the metal.
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