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Commodities

Indian companies swoop in as US blocks Chinese rivals

Hindalco snaps up aluminum maker Aleris in $2.6bn deal

The U.S. government's veto of a Chinese acquisition cleared the way for Hindalco Industries, the world's largest aluminum roller, to purchase Aleris.   © Reuters

MUMBAI/TOKYO/NEW YORK -- American wariness of China gave Hindalco Industries an edge in its bid to acquire aluminum maker Aleris, part of a trend of Indian companies expanding in the U.S. as a hedge against protectionism.

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