Following the recent coup in Geneva, global aluminum prices have risen and now surpass $3,000 per tonne on the London Metal Exchange for the first time since July 2008. According to experts, excessive costs endanger both sectors and consumers, according to Rossiyskaya Gazeta.
Aluminum prices have increased by 40% since the start of the year. The biggest rise was reported in September, after reports of a military coup in Guinea, an African nation that contributes for about 23% of the world output of bauxite ore, the primary raw material used in the manufacture of aluminum.
According to Finam analyst Alexei Kalachev, rising aluminum prices …
