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Raw materials: The price of aluminum increases by 70% in 2021

20/10/2021
Categories: Raw materials

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Faced with the shortage of raw materials, the price of aluminum has increased by 70% in 2021. This increase is explained by the recovery in global demand, political instability in Guinea but also the fight against pollution. in China.

Aluminum prices are skyrocketing. Aluminum now costs $3,000 a ton, up 70% year-on-year. Cans, cage caps and aluminum windows may cost more. In question, the recovery of global demand, but also geopolitical issues. To produce this metal, you need bauxite, a red rock mined in mines, especially in Guinea. The country, which has 13 million inhabitants, holds a quarter of the world's reserves. Guinea is however destabilized by a military coup. The army overthrew President Alpha Condé in September. To fight against pollution, China has also closed coal-fired power plants that supply smelters with energy.

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