China 's aluminium makers are targeting the global auto and aerospace markets , a move that industry sources say will heat up competition with the likes of Alcoa and Boeing , and potentially ignite a buying spree for Western metals companies . Novelis ' CEO , David Fisher , last week predicted that competition with Chinese manufacturers will be " very fierce " over the next five to 10 years in aerospace and engineering , which have historically been dominated by US and European manufacturers . “There will be more announcements of purchases by Chinese companies of foreign firms in the next 18 months and continued consolidation globally,” said Charlie Durant of consultancy CRU in London. In August , Zhongwang Group , backed by Chinese aluminium magnate Liu Zhongtian , said it was to buy aluminium maker Aleris Corp in a $ 2.3bn deal , which would mark the largest entry by a Chinese company into the US aluminium market .
China 's aluminium makers are targeting the global auto and aerospace markets , a move that industry sources say will heat up competition with the likes of Alcoa and Boeing , and potentially ignite a buying spree for Western metals companies . Novelis ' CEO , David Fisher , last week predicted that competition with Chinese manufacturers will be " very fierce " over the next five to 10 years in aerospace and engineering , which have historically been dominated by US and European manufacturers . In August , Zhongwang Group , backed by Chinese aluminium magnate Liu Zhongtian , said it was to buy aluminium maker Aleris Corp in a $ 2.3bn deal , which would mark the largest entry by a Chinese company into the US aluminium market .