Aluminum Jumps as Guinea Coup Adds to Supply Worries

The video discusses the current situation in Conakry, Guinea, where calm is reported despite a change in military leadership. Mining operations continue, but uncertainty remains due to the former president's non-concession of power. The video also explores China's involvement in a major iron ore project in Guinea, aimed at reducing reliance on Australian resources. The project faces potential delays due to political changes, with questions about the future of infrastructure plans.

What is the current situation in Conakry as described in the video?

• The city is experiencing violent protests.

• All foreign operators have left the country.

• There is relative calm with mining operations continuing.

• The former president has regained power.

Why is China interested in the Simandou iron ore project?

• To support the ousted government.

• To diversify its raw material sources.

• To build a new capital in Guinea.

• To increase its reliance on Australian iron ore.

What diplomatic issue is influencing China's decision to diversify its raw material sources?

• A diplomatic spat with Australia.

• A conflict with the United States.

• A trade agreement with Australia.

• A new alliance with Guinea.

What was a major requirement for the Simandou project under the ousted government?

• Reducing the workforce by half.

• Constructing a 400-mile rail line to a port.

• Increasing the price of iron ore.

• Building a new airport in Conakry.

What uncertainty surrounds the Simandou project?

• The project's impact on local wildlife.

• Whether the project will be expanded to other countries.

• The project's potential to increase aluminium prices.

• If the project will continue and face delays.