Coup in Guinea led to a record rise in price of aluminum

The global aluminum price is growing after the news about the state-screen in Guinea, which provides 20% of the global supplies of bauxite. At the auction on Wednesday, the price rose to $ 2,781 per ton on LME, indicate the exchange data.

According to the Russian analyst Alexei Kalachev, the prices for aluminum grow more due to speculative sentiment than the real congestions of the supply of supplies.

Previously, the leader of Guinean rebels Dumby assured foreign investors and partners that the new authorities of the country fulfill their obligations, and called for mining companies to continue their activities.