London metal traders will be keeping a close eye on the price of aluminum today after it moved higher on Monday following this weekend’s coup in Guinea, one of the world’s largest producers of bauxite — a key aluminum ingredient.
Soon after deposing ex-President Alpha Condé on Sunday, junta leader Colonel Mamady Doumbouya called on foreign mining firms to continue operations. “The curfew in mining zones has been lifted to ensure continuity of production,” Doumbouya said and added that access to both ports and airports has been fully restored.