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Guinea’s Coup Escalates Int’l Prices Of Alminium

One can now understand why the international pressure is much on Guinea. It seems Guinea has been so much to the world.

“The recent coup in Guinea has sent the price of aluminium soaring at $3,000 a ton – the highest price for the metal highest in 13 years, with tight supplies worsened even further by political uncertainties in the country. Guinea is home to the world’s largest bauxite reserves. The reddish-grey rock is sought after for its high content of aluminium oxide, which is smelted into aluminium. Guinea’s ruling military is under growing diplomatic pressure after special forces led by Lieutenant Colonel Mamady Doumbouya seized power and arrested President Alpha Conde. However, political analysts inside Guinea say international pressure on the military junta has more to do with the country’s natural resources rather than the welfare of ordinary Guineans.”

DW Africa.

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