UPDATE 3-Chinese-owned Zhongwang USA enters U.S. aluminum market with Aleris buy

NEW YORK, Aug 29 (Reuters) - Zhongwang USA LLC, backed by

Chinese aluminum magnate Liu Zhongtian, said on Monday it would

buy U.S. aluminum company Aleris Corp in a bet by the

billionaire that the nascent U.S. automotive aluminum sector

will be the industry's next big growth market.

Read more