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Find all the economic and financial information on our Orishas Direct application to download on Play StoreFaced 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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