Guinea’s Military junta causes havoc for Global Iron & Bauxite markets

According to IMF, Guinea ranks 160th out of 180 countries in terms of GDP. Guinea is also home to the largest bauxite reserves in the world. With the fear of disruption of the global supply of Bauxite, the prices of Aluminum soared in the London Metal Exchange. Andrew Gadd of CRU Group said, The infrastructure demands of the project are consequently massive in scale, complexity, and cost, larger on all measures than the bauxite export industry that has been established in the country in recent years.”