Aluminum prices reach decade high after Guinea coup

México Noticias Noticias

Aluminum prices reach decade high after Guinea coup
México Últimas Noticias,México Titulares
  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Aluminum 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...

Aluminum 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 supply chain.

Three-month aluminum forward contracts on the London Metal Exchange rose 0.9% to $2,757 a metric ton, their highest level since early 2011. Shares of mining companies and aluminum producers also jumped. Hong Kong-listed shares of Russia’s United Co. Rusal 486, +14.45% rose over 14% by the close of trading Monday, while Aluminum Corporation of China Ltd. rose over 5%. Australian bauxite miner South32 Ltd. rose 2.1% in Sydney.

A faction of Guinea’s military on Sunday said they had suspended the country’s constitution and detained President Alpha Condé. The West African nation is a major global supplier of bauxite—crucial for the manufacturing of aluminum—and iron ore.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

MarketWatch /  🏆 3. in US

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Guinea Special Forces Oust President In Coup, Unrest Causes Aluminum Prices To SoarGuinea 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.
Leer más »

Guinea coup leader bars foreign travel for government officialsGuinea 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.
Leer más »

Guinea bauxite prices rise on political turmoil, mines report no immediate impactGuinea bauxite prices rise on political turmoil, mines report no immediate impactPrices for aluminium ore bauxite from Guinea hit their highest in almost 18 months in top metals consumer China on Monday, as buyers fretted about supply after a coup in the West African country though no operations reported being impacted.
Leer más »

Uneasy calm in Guinea after President Conde's apparent ousterUneasy calm in Guinea after President Conde's apparent ousterUneasy calm returned to the streets of Guinea's capital Conakry on Monday, as its citizens awaited the announcement of a new government after the apparent overthrow of President Alpha Conde by an elite army unit which drew global condemnation.
Leer más »

Guinea President Conde 'taken' and government dissolved – putschistsGuinea President Conde 'taken' and government dissolved – putschistsVideos shared on social media but not yet authenticated show Guinea's President Conde being detained by army special forces after a gunfire rang out near the presidential palace early in capital Conakry.
Leer más »

Military Faction Stages Coup in Mineral-Rich GuineaMilitary Faction Stages Coup in Mineral-Rich GuineaA military faction claimed to have taken charge of Guinea on Sunday, as officers from an elite special-forces unit declared that they had suspended the constitution and detained President Alpha Condé
Leer más »



Render Time: 2025-03-11 05:39:32