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Aluminium: Guinea’s coup adds bauxite to supply concerns
The trigger for the latest rise was news of a military coup over the weekend in Guinea, a major producer of bauxite, which is processed into alumina and then into primary aluminium. The aluminium market does not normally pay much attention to disruptions at the end of...
Coup in Guinea: third largest producer of bauxite
The military junta that seized power in Guinea reportedly plans to establish a unity government pending a transition to civilian rule, urged mining companies to continue operating and reassured them that their existing agreements with the state will be honoured....
Aluminium: new capacity to tame prices
A prolonged period of high aluminium prices, created in part by production cuts in China, is expected to encourage new capacity elsewhere in the world, which will eventually weigh on prices at 10-year highs. Benchmark aluminium on the London Metal Exchange reached...
Steel: Chinese prices could rise in September
Chinese domestic construction steel prices could stabilise and rebound this month, with both demand and supply growth. Demand growth could outpace supply growth, and construction steel inventories could decline further. As for construction steel demand, the operating...