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Commodities

Guinea coup upends China strategy as aluminum prices soar

Beijing's dependence on Australia rises while uncertainty clouds African source

CAIRO/BEIJING -- The coup in Guinea appears likely to keep aluminum prices at historic highs for the foreseeable future, as the West African country -- home to the world's largest reserves of bauxite -- is mired in political uncertainty.

No country will be impacted more than China, the leading aluminum producer globally and the biggest consumer of bauxite, from which the production material is derived.

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