Guinea bauxite prices rise after coup, mines report no immediate impact
Published on: Monday 06 September 2021
Prices 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 mines reported any disruption. Guinea is the world's second-biggest producer of the raw material that is refined into alumina, a substance used to make aluminium metal, and is the top supplier to China. Guinean bauxite for delivery to China was last assessed by Asian Metal at $50.50 a tonne, up 1% from Friday and the highest since March 16 last year.
