“Government pressure on Guinea's bauxite industry is building," said Tom Price, investment bank Panmure Liberum's head of commodities." We suspect Guinea's government is consolidating the number of foreign bauxite miners, and forcing the reformed industry to invest in local downstream processing capacity.”
Interesting article in Reuters on Friday/announcement from Guinea’s government.
Looks like Guinea’s has gone even harder at the bauxite industry (along with several other commods), sure to create further uncertainty. Guinea are the largest producer of bauxite globally, so it is no small news.
My bet is we’ll see another rally in the spot price on the back of this - a positive into Simon’s next price negotiation (which should be later this month or early next month, not exactly sure?). Things can move quickly in commodities, so let’s hope for a big jump! All IMO DYOR etc.
https://www.reuters.com/world/africa/guinea-repossess-51-mining-licences-information-minister-says-2025-05-16/
“Government pressure on Guinea's bauxite industry is building,"...
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