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Senators join efforts to block Chinese acquisition of U.S. aluminum producer

November 2, 2016 at 5:10 PM
Citing trade and national security concerns, 12 senators have joined efforts to ensure the U.S. rejects a proposal by a Chinese company, Zhongwang USA, to purchase U.S. aluminum producer Aleris. In a Nov. 2 letter to Treasury Secretary Jack Lew, the 12 -- all but one a Democrat -- urge the Committee on Foreign Investment in the United States (CFIUS) to “closely review and ultimately reject” the proposal. The letter was initiated by Sen. Ron Wyden (D-OR) and signed by...

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