ref:topbtw-3083.html/ 8 Settembre 2021
Il colpo di stato in Guinea Konakry e le sue conseguenze...
Il prezzo dell'alluminio si è moltiplicato.. per cinque volte..
Sunday's Sept. 5th military coup in Guinea has wide implications for the Indo-Pacific.
The West African country is home to the world's largest reserves of bauxite, the feedstock needed to make aluminum,
and resource-hungry China imports 55% of its bauxite from the country.
Already, aluminum prices were at the highest in more than a decade.
That bodes ill for Beijing, which is preparing to boost public infrastructure investment to shore up the slowing economy.
But if China were to look for alternative bauxite sources, its search leads to Australia, from where it already
gets 31% of its bauxite.
In fact, Guinea was supposed to be China's trump card in reducing its dependence on Australian iron ore.
If Beijing could help Guinea unlock the Simandou hills, said to hold the world's largest reserve of untapped high-quality
iron ore, it could elevate the West African country to an iron-ore export powerhouse.
China would finally be free of Australia, from where it imports about 60% of its iron ore, a key steel-making ingredient,
and with whom relations have soured significantly over Canberra's call for an investigation into COVID-19 origins.
The coup in Guinea has inevitably elevated Australia's importance to China.
Will it force Beijing to alter its tough stance on the country?
( Per gentile concessione di Indo-Pacific Diaries )
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