Tag: Guinea
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African Iron Ore Exporters Keep a Wary Eye on China’s Falling Steel Output
Iron ore prices are holding steady... for now... but investors are becoming increasingly worried about the impact that the real estate crisis and China's slowing economy overall may have on-demand later in the year. Plus, Chinese officials have tried to limit ...
Guinea Coup Complicates China’s Desire to Wean Itself Off Australian Imports
So far, Guinean bauxite exports to China appear unaffected by last Sunday's coup and policymakers in Beijing are no doubt hoping it stays that way. They would like to avoid having to turn to Australia for further supplies of the critical metal used to manufacture aluminum.
China Denounces Guinea Coup and Calls For the Immediate Release of Alpha Condé
The Chinese government issued a short but pointed condemnation of this weekend's coup in Guinea that deposed President Alpha Condé. "China opposes coup attempts to seize power," said Foreign Ministry spokesman Wang Wenbin (photo) at the regular press ...
Guinea Coup Leader Calls For Mines to Continue Operating, Chalco and Other Chinese Mining Firms Report No Disruptions
London metal traders will be keeping a close eye on the price of aluminum today after it moved higher on Monday following this weekend's coup in Guinea, one of the world's largest producers of bauxite -- a key aluminum ingredient. Soon ...
Why What Happens in Guinea Matters to China
Guinea may be small and far away, but what happens there is critically important to metals manufacturers in China who depend on key ingredients from this West African country to produce huge quantities of aluminum and, eventually, steel. BAUXITE: China relies ...
You Knew This Was Going to Happen, Right?
It took less than 24 hours for the coup in Guinea to get sucked into the vortex that is the U.S.-China propaganda duel. China's foremost provocateur (aka "China's greatest internet troll"), Hu Xijin, the editor in chief of the nationalist tabloid newspaper Global ...
New Joint Pakistani-Chinese COVID Vaccine Launches While Hungary Becomes the Latest Country to Sign a Vaccine Production Deal with China
Residents in Pakistan will now have access to a new COVID-19 vaccine that was jointly developed with China's CanSino as part of an effort to relieve acute vaccine shortages. The new PakVac that launched on Tuesday was reportedly developed in Pakistan under the supervision of CanSino executives ...
Veteran China Journalist Warns That China is Looking to Eventually Replace Australian Iron Ore With Suppliers in Brazil and Africa
There's been widespread speculation over the past year that China wants to develop new iron ore supply chains in Africa so it can stop buying from Australia in response to steadily worsening ties between the two countries. While there've been indications ...
Chinese COVID-19 Vaccines Arrive in Guinea
Guinea on Wednesday received a donation of 200,000 Sinopharm COVID-19 vaccine doses from China as it seeks help from multiple sources to halt the spread of the coronavirus, according to foreign affairs minister Ibrahima Khalil Kaba. Officials in Conakry are also expecting a shipment of ...
China Donates 10 Million Doses of COVID-19 Vaccine to the Global Covax Alliance
China took a big step on Wednesday to expand its global vaccine donation drive with a sizable contribution to the global vaccine alliance known as Covax. The Foreign Ministry said on Wednesday that Beijing would provide the alliance with 10 million doses from three of China's largest ...
Analyst: China Will Diversify Iron Ore Buys From Australia, Brazil To Guinea in West Africa
Peter O’Connor, a senior analyst of metals and mining at the Australian investment firm Shaw and Partners, said out loud on CNBC what many people have been quietly thinking: that the natural progression of China's steadily deteriorating ties with Australia will prompt Beijing to end its dependence ...
Rapidly Deteriorating China-Australia Ties Provides a Sobering Lesson For African Countries
There's an old Chinese idiom that says "kill a chicken to scare the monkey" (殺雞儆猴). According to the folktale, there was a street performer who made a lot of money from a dancing monkey. One day, that monkey, however, didn't want to perform. The owner became very ...