Fear of Chinese Sinks PE Exit of US-based Aluminum Company

Commodities (Long Regulatory Risk! Short Aluminum?)

Per Reuters, Zhongwang USA announced earlier this week that it had called off its proposed $2.33b acquisition of once-bankrupt U.S. aluminum company, Aleris Corporation, after facing opposition from Wilbur Ross and the U.S. Committee on Foreign Investment in the United States. The issue is China, of cou…