Production of aluminum cookware in Afghanistan
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The coup in Guinea has exacerbated risks in the aluminum market. This country is one of the world’s largest suppliers of raw materials for the production of aluminum.
Aluminum price on the London Metal Exchange (LME) rose to a 13-year high amid news from Guinea and China. It is reported by Interfax Wednesday, September 8th.
So, futures for aluminum with delivery in three months rose by 0.4% – up to $ 2,780 per ton. This is the highest value since 2008.
Since the beginning of this year, aluminum has risen in price by almost 40% due to high demand for the metal in the world while its production in China has been reduced due to restrictions related to the policy of reducing CO2 emissions.
It is indicated that coup d’état in Guineathat happened over the weekend increased the risks for the market. This country is one of the world’s largest suppliers of bauxite, the main raw material for aluminum production.
Earlier it was reported that in the world coffee continues to rise in price… This is due to bad weather conditions in Brazil and a record decline in production in 20 years.
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