(Bloomberg) -- Canadian stocks may advance on a report
that Rio Tinto Group is about to trump Alcoa Inc.'s bid for Alcan
Inc., the world's third-largest aluminum maker.
A bidding war for Alcan together with Gerdau Ameristeel
Corp.'s offer for U.S. steelmaker Chaparral Steel Co. may also
boost Canadian raw-materials producers including Teck Cominco Ltd.,
as investors speculate record prices for such metals as lead will
trigger more takeovers in the global mining and materials industry.
Read more at Bloomberg Stocks News
that Rio Tinto Group is about to trump Alcoa Inc.'s bid for Alcan
Inc., the world's third-largest aluminum maker.
A bidding war for Alcan together with Gerdau Ameristeel
Corp.'s offer for U.S. steelmaker Chaparral Steel Co. may also
boost Canadian raw-materials producers including Teck Cominco Ltd.,
as investors speculate record prices for such metals as lead will
trigger more takeovers in the global mining and materials industry.
Read more at Bloomberg Stocks News
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