8 days ago • Posted by Jasper Lawler
Aluminum hits fresh 13-year high
Aluminum extended its stunning yearlong rally to the highest since 2008 as supply concerns in China and Guinea tightened the market.
A coup in the African country, which supplies almost a quarter of the world’s bauxite, has fueled concerns about potential supply disruptions to the material key to aluminum production. That’s even as Guinea’s new leaders urged mining companies to keep operating and reassured them that their existing agreements with the state will be honored.