Shares of the Russian producer of Aluminum “RUSAL” During the trading on September 6, they would be raised at a maximum of almost nine percent, reaching 66.75 rubles, reaching the Moscow Exchange. By the time of writing news, the price of the company’s papers exceeded 65 rubles (about 4.2 percent growth).
The rise in value is celebrated against the backdrop of the state coup in Guinea. The country is one of the largest manufacturers of bauxite, raw materials for the manufacture of aluminum. Bloomberg indicates that the development of events destabilize the situation in this market. Last year, the volume of deliveries from Guinea reached 82.4 million tons, most of the world’s largest aluminum consumer in the world.
“The aluminum market can seriously shake this situation, because 20 percent of the global production of aluminum uses bauxites from this small and very poor country,” the founder of Rusal, Oleg Deripask, noted in his Telegram channel.
Power in Guinea captured military rebels. On September 5, the president of the country was detained, the leader of the rebels, Colonel Mamadi Dumbuy released a video in which the dissolution of the government announced, the abolition of the Constitution, as well as the closure of the state’s borders. The National Committee on Cohesion and Development Created by the Group has promised to ensure the safety of civilians of the country and their property.