The price of aluminum futures on the London Metal Exchange rose as much as 1.8% to $2,775.50 per metric ton on Monday after political turmoil broke out in the West African country over the weekend, when a military officer broadcast a statement that the nation's constitution had been dissolved. An adviser to President Alpha Conde told CNN that Conde was under arrest and that a coup had taken place.Aluminum prices had already been skyrocketing this year.
Aluminum is a key component of a wide range of products, from cars to smartphones and energy systems.China's 'political pressure' on Australian economy isn't working, treasurer saysUnrest in Guinea puts additional pressure on the market.Read MoreThe country is the second largest producer of bauxite in the world after Australia. Most importantly, it supplies more than half of the ore imported by China, which is the top producer of aluminum globally.
Hope the Chinese backers are satisfied.
The truth about COVID 19:
The truth about COVID 19:
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Guinea Special Forces Oust President In Coup, Unrest Causes Aluminum Prices To SoarOn Sunday, a special forces unit of Guinea’s army reportedly pulled off a coup, dissolving the country’s government and removing its long-serving president. $$ Afghan_Situation uncovered that People still didn't realise conspiracy behind UN which was to resolve Colonialists disputes, create permanent problems and destruction, legitimize colonial policies and interests, demonize humanity, create World Colonial Govt. Devil's safe haven. special forces using such guns?
Source: Forbes - 🏆 394. / 53 Read more »
Aluminum prices reach decade high after Guinea coupAluminum prices rose to their highest level in 10 years Monday after a military coup in mineral-rich Guinea threatened to snarl the lightweight metal’s...
Source: MarketWatch - 🏆 3. / 97 Read more »
Aluminum Hits Decade High After Guinea Coup Imperils Bauxite SuppliesAluminum prices rose to their highest level in 10 years after a military coup in mineral-rich Guinea threatened to snarl the lightweight metal’s supply chain. It is all about plundering other nations... democracy is a cover.. Any excuse for a pump. pentagon rn
Source: WSJ - 🏆 98. / 63 Read more »
Aluminium prices hit a decade high after a military coup in GuineaThe prices of aluminium hit a 10-year high right after the coup in Guinea, the world’s major supplier of bauxite which is used for the production of aluminium, amid concerns over the possible disruption of the supply. Always the monopolys before people
Source: trtworld - 🏆 101. / 63 Read more »
Opinion: I'm a college professor, not a Covid guinea pigRuth Ben-Ghiat writes that what is usually a joyful time for faculty, staff and students is now a frantic time, haunted by the fear of illness with the Delta variant of Covid-19. She argues asking faculty to participate in practices that can jeopardize collective well-being is untenable in a moral as well as public health sense. ruthbenghiat Opinion 🙏 Mohon Bantuan Like & Share untuk Membangkitkan UMKM Indonesia 🇮🇩🇮🇩🇮🇩🇮🇩 Terimakasih 🙏🙏🙏 ruthbenghiat Opinion ruthbenghiat Opinion
Source: CNN - 🏆 4. / 95 Read more »
Guinea coup leader bars foreign travel for government officialsGuinean government officials are barred from leaving the country until further notice and a curfew imposed in mining areas has been lifted, the leader of an army unit which ousted President Alpha Conde said on Monday.
Source: Reuters - 🏆 2. / 97 Read more »