price watch

Guinea: Russia is ‘closely following’ the political situation in Conakry

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This article is part of the dossier:

Guinea Coup – the Fall of Alpha Condé

By Jeune Afrique

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Posted on September 9, 2021 11:06

Firefox_Screenshot_2021-09-09T08-14-38.997Z Dmitry Peskov, a Russian diplomat, is President Vladimir Putin’s press secretary. He is pictured here at a press conference in December 2012. Illustration image © www.kremlin.ru/Wikimedia Commons
Dmitry Peskov, a Russian diplomat, is President Vladimir Putin’s press secretary. He is pictured here at a press conference in December 2012. Illustration image © www.kremlin.ru/Wikimedia Commons

According to Russian government spokesperson Dmitry Peskov, the government is paying particular attention to the impact of Guinea’s political situation on the metals market and the operator Rusal.

“We are closely following what is happening in Guinea. We would like the political situation in Guinea to return to legality as soon as possible,” said Russian presidential spokesperson Dmitry Peskov on 7 September, reported Turkish news agency Anadolu. “In any case, we hope that our entrepreneurs and companies’ business interests will not be affected and be guaranteed,” added the Russian leader, according to the same source.

Aluminium prices rise

“The events in Guinea are really a major factor that could negatively affect the entire aluminium market,” reports the official Russian news agency Tass.

On the London Metal Exchange, the price of aluminium is at its highest in 10 years at around $2,770 a tonne. It increased by $54 (+2%) on 6 September, the day after the coup in Conakry. Guinea is the world’s second-largest producer of bauxite (from which aluminium is extracted), extracting

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