(Bloomberg) -- Metal and mining stocks rallied
worldwide on speculation that growing demand for commodities from
China and higher prices may fuel more takeovers in the metals
industry.
Alcan Inc. climbed on a Globe and Mail report that Norsk
Hydro ASA is preparing a bid worth more than $30 billion for the
world's second-biggest aluminum company after Alcoa Inc. BHP
Billiton Ltd., the largest mining company, and Arcelor Mittal,
the biggest steelmaker, also advanced.
Read more at Bloomberg Stocks News
worldwide on speculation that growing demand for commodities from
China and higher prices may fuel more takeovers in the metals
industry.
Alcan Inc. climbed on a Globe and Mail report that Norsk
Hydro ASA is preparing a bid worth more than $30 billion for the
world's second-biggest aluminum company after Alcoa Inc. BHP
Billiton Ltd., the largest mining company, and Arcelor Mittal,
the biggest steelmaker, also advanced.
Read more at Bloomberg Stocks News
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