Aluminium giant warns of relatively high risks associated with bauxite supplies from Guinea
Views : 91
Update time : 2024-04-01 15:36:29
Aluminium Corporation of China (Chalco) expressed concerns about the "relatively high" risks associated with bauxite supplies from Guinea, highlighting the nation's increasing reliance on a single source for this crucial raw material. Last year, Guinea accounted for 70 per cent of China's bauxite imports, essential for aluminium production.
This heavy dependence left the company, formerly known as Chalco, significantly vulnerable to the unrest and uncertainties in Guinea. "The company's bauxite mines in Guinea are subject to supply fluctuations due to local policy changes and frequent strikes," stated Chalco.
