China may turn to Australia for bauxite after Guinea coup stokes fears of global supply disruptions, say analysts

[Beast]

China’s appetite for Australian bauxite may climb after Guinea coup

China imported more than 47 per cent of its bauxite from Guinea last year, but the military takeover in the West African country may force it to turn to Australia for supply.

www.scmp.com

 

[REhorror]

Why doesn't China just use its own mines?

 

[Ahmet Pasha]

There are videos of U.S special forces on ground behind the coupe.

 

[Leishangthem]

china shouldn't ,china should cut deals with teh coup group and offer better sum than the cia did. Otherwise that would encourage more regimc change by cia against china.

 

[CAPRICORN-88]

China’s appetite for Australian bauxite may climb after Guinea coup

China imported more than 47 per cent of its bauxite from Guinea last year, but the military takeover in the West African country may force it to turn to Australia for supply.

www.scmp.com

Or China may not.

 

[MH.Yang]

Why doesn't China just use its own mines?

China's bauxite reserves rank fourth in the world. If the mine is reopened, the supply of bauxite can be guaranteed. However, if doing so, Guinea will lack funds to pay for projects such as Simandou.

China’s appetite for Australian bauxite may climb after Guinea coup

China imported more than 47 per cent of its bauxite from Guinea last year, but the military takeover in the West African country may force it to turn to Australia for supply.

www.scmp.com

Dunbuya, leader of the coup in Guinea and chairman of the national unity and Development Commission. He met with Chinese ambassador to Guinea Huang Wei on September 8. Dunbuya said he would ensure that no one would harm the opening of Guinea's maritime border and ensure the normal export of Guinea's mineral resources.

 

[REhorror]

China's bauxite reserves rank fourth in the world. If the mine is reopened, the supply of bauxite can be guaranteed. However, if doing so, Guinea will lack funds to pay for projects such as Simandou.

I think China's resource independence is more importance than money for Guinea.

 

[MH.Yang]

I think China's resource independence is more importance than money for Guinea.

For China, the B&R project is the focus.
The focus of B&R is not China's investment, but whether the participating countries have enough finance to participate in China's investment. Therefore, China will inject funds into these countries by purchasing minerals.
If huge foreign exchange reserves are not used, it will also bring huge losses.
China don't care much about resource independence because China can restart domestic mines at any time.
For example, in 2020, China restart China's domestic iron mines and reduce the import of iron ore from Australia. In 2020, China's domestic iron ore mining is rank third in the world, and Global iron ore prices fell by 40%.