Saturday, Sep 25, 2021
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Is Guinea's coup fueled by economic discontent?

DW, 07 Sep 2021
Guinea's coup is fueling fears of worsening shortages on global commodity markets. The country is rich in Iron ore, nickel, gold, and diamonds. But above all bauxite, a rock of aluminum-bearing minerals.
After Australia, Guinea is the world's largest exporter of bauxite, crucial in building cars and aircraft. In the wake of the unrest, the price of aluminum rose to a 10-year high.

Despite its wealth in terms of raw materials, the country is still poor and underdeveloped. In the World Bank's Doing Business Ranking, Guinea has one of the worst showings. The gross national product per capita is only 1,100 US dollars annually. In Nigeria, by comparison, that figure is twice as high.

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#Guinea #Coup #Bauxite
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