Guinea military coup sends aluminum prices to the Moon

Guinea military coup sends aluminum prices to the Moon

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Language: English

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00:00
this isn't the first coup in guinea's recent history in fact it's one of several upheavals in a number of former french african colonies in just a few months the president of the impoverished west african state taken into custody by the country's special forces the constitution dissolved a nationwide curfew declared with any refusal from officials to cooperate deemed a rebellion the mutineers certainly mean business but claim it's all for the greater good we will no longer entrust politics to one man we will entrust it
00:31
to the people guinea is beautiful we don't need to rape guinea anymore we just need to make love to her the world has seen a rare moment of unity from the u.n to the african union even usually rival states quickly banded together to condemn the military takeover i am personally following the situation in guinea very closely i strongly condemn any takeover of the government by force of the gun and call for the immediate release of president alfa conde so why all the attention guinea despite being direly poor is
01:04
actually pretty rich apart from large amounts of gold and diamonds the country holds by some estimates a third of the world's reserves of bauxite one of the main sources of aluminium in fact it's the world's second largest producer and metal markets look pretty rattled right now if you do have issues in a country that supplies 20 percent of bauxite to the global market then clearly that will be a problem aluminium prices are at a decade high great news for mining companies but it probably makes little
01:35
difference to the average guinean like in most former colonies it's mainly mining conglomerates that tend to profit multiple states have investments in the country from russia and china to australia and the uk according to the u.s state department one of the biggest players in guinea's markets is france french companies as part of international conglomerates play a big role in the mining sector as well as the privatization of the country's energy grid and relations between the two countries have grown closer under the
02:06
embattled president's rule france and guinea have strong bilateral relations with many high-level meetings relations have intensified since alfa conde came to power conde won office in the country's first three elections in later years like many leaders on the continent he was accused of holding sham elections which the opposition boycotted cracking down on dissent amid bloody protests costing dozens of lives yet his rule is still considered better than an unknown alternative and guinea's
02:37
turbulence follows an all too familiar pattern three coups in just 10 years enabling former french colony mali a recent military takeover in shad following the killing of its strongman president idris debbie a longtime french ally with president macron even attending his funeral again despite his flaws paris was pragmatic things could be worse this latest coup certainly won't be the last in a vicious cycle of violence power struggles and instability for africans
03:08
in former colonies the only certainty seems to be more of the same and as the world condemns the latest round of violence it's a sad fact that unity only seems to be shown when national interests are at stake you

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