A Possible Coup in Guinea And Mining Supply Disruptions Could Add Momentum To Aluminium Prices-PUDA Mining Machine

On the evening of September 5, Beijing time, AFP and Russian satellite network and other foreign media reported that the "attempted coup" in Guinea, the current president Conde was detained, the "coup" announced the dissolution of the government, the suspension of the constitution and the closure of the border.

According to statistics, Guinea, as one of the least developed countries published by the United Nations, mining exports represented by bauxite are the main pillar of Guinea's economy, accounting for about 80% of its annual total exports, and most of Guinea's bauxite is directly shipped to China. Once the political situation in Guinea is unstable, the global bauxite supply will be unstable. In the face of the fragile global supply chain, the strategic replenishment of mining resources in various countries will increase, and the short-term supply and demand mismatch will support the price of nonferrous metals.

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