Jul 13 2008
Africa Suffers as Aluminium Price Peaks
The price of aluminum has risen by more than 35 percent since the beginning of 2008. Aluminium prices hit a record high this week as China, the world’s biggest producer, ordered smelters to reduce production because of power shortages. In Africa, electricity prices for consumers skyrocket as ESKOM, Landsvirkjun’s South African partner, attempts to free up energy for aluminium. As electricity is redirected to aluminium corporations, people suffer blackouts. Read More