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What minerals does Africa provide to China?
Guinea is rich in minerals, especially bauxite and iron ore, which is very important to China.
Guinea has always been the main source country of bauxite in China. In 2020, 47% of China's bauxite will be imported from Guinea, and Guinea's iron ore will also be an important weight for China's steel industry to get rid of its dependence on Australian iron ore in the future.
Because of this, on April 22nd, 2009, China-led Asian Infrastructure Investment Bank accepted Guinea as a member.
47% of bauxite in China is imported from Guinea;
Guinea is an important producer of bauxite in the world, accounting for 26% of the world's reserves, and its exports to China are huge. It is a major supplier of bauxite in China. The military coup also directly stimulated the aluminum price to rise to a ten-year high.
Guinea has always been one of the main sources of bauxite imports in China, and its proportion has gradually increased in recent years. In 20 19, China imported 44% bauxite from Guinea and 47% bauxite in 2020. And the ratio of 202 1 is still accelerating.
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