Prices for aluminium ore bauxite from Guinea hit their highest in almost 18 months in top metals consumer China on Monday, as buyers fretted about supply after a coup in the West African country though no operations reported being impacted.
Guinea produced 88 million tonnes of bauxite last year according to mines ministry statistics.
A spokesperson for Aluminium Corp of China Ltd , the world's biggest producer of alumina, said its bauxite operations in Guinea are normal. A Compagnie des Bauxites de Guinée spokesperson said its mines have not been impacted by the turmoil. "Bauxite and alumina prices have recently lagged aluminium quotes; any supply disruption might further propel them. Rusal is more than 100% covered by its own alumina, making it immune to any price increases for this commodity," said Boris Sinitsyn at Renaissance Capital."We're monitoring the situation and are in close contact with the leadership of our mine in Guinea, which is operating normally," the gold miner said in a statement.
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