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Commodities

Guinea plans a bauxite index to bolster ore prices

Guinea is the world's biggest bauxite exporter, and the index is part of wider efforts to lift prices.

Tactiq Desk
Stacked copper and nickel plates in a smelter yard at dusk

Guinea, the world's biggest exporter of bauxite, plans to set up an index for the raw material. Bauxite is the ore used to make aluminium.

The index is part of wider efforts to bolster ore prices. No price levels or size for the index were given.

No launch date has been given.