Commodities
World’s Top Bauxite Producer Guinea Seeks to Control Prices
A worker watches as a digger unloads raw bauxite into a truck at a mine near Boke, Guinea.
Photographer: Waldo Swiegers/Bloomberg
Guinea, the world’s largest producer of bauxite, is in discussions with miners about plans to control the volume of ore supplied to the market and protect the country against a slump in prices.
If implemented, the measures – outlined by Mines and Geology Minister Bouna Sylla – would see Guinea follow the Democratic Republic of Congo and Zimbabwe in restricting exports of key minerals that are mostly destined for China.