Citic Resources Holdings, the energy and metals arm of state-owned conglomerate Citic Group, will continue to look for acquisition opportunities but will pursue them in a "cautious" manner, its chief executive said yesterday.
The company would not buy aluminium smelting assets because of a global oversupply of the metal and would only consider bauxite and alumina assets, chief executive Zeng Chen said.
via Business feed http://www.scmp.com/business/commodities/article/1158646/citic-resources-says-no-aluminium-smelter-purchases
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