The leading company in the global aluminum industry, Rusal, has issued an official statement regarding the situation in the Republic of Guinea.
“In connection with the events taking place in the Republic of Guinea, RUSAL announces that the company is currently focused on ensuring the safety of its employees, maintaining the safety and continuity of production processes.
In case of further escalation of political instability, the company is ready to evacuate Russian personnel from the republic. RUSAL is currently working in close contact with the Russian Embassy in Guinea, ”the document says.
Let us remind you that the coup in Guinea pushed the world prices for aluminum to the highest since 2011.
Guinea ranks first in the world in terms of bauxite reserves, providing 20% of world production.
The Guinean military on September 5 announced the seizure of power in the country, arresting the country's president, Alpha Conde; later followed by statements about the closure of borders, the dissolution of the government and parliament, the suspension of the constitution. The country has imposed a curfew and export restrictions.