Guinea pushes Simandou on iron ore exports to feed China’s ‘green steel’ mills

Guinea is intensifying its iron ore exports to China, seeking to profit from elevated prices fueled by the demand for the nation's burgeoning 'green steel' industry. This strategic shift is causing significant disruptions in the country's shipping services.

Vessels that typically transport bauxite are now being diverted to carry iron ore. This rerouting aims to maximize export volumes before the onset of heavy seasonal rains, which are expected to impede production and halt operations. International shipbroking and maritime research firm Ifchor Galbraith confirmed these shifts.

Analysts suggest that securing increased supplies from Guinea is crucial for China's strategy to diversify its iron ore sources, moving away from reliance on Australian and Brazilian suppliers. The West African nation's resources are becoming increasingly important in this global supply chain adjustment.

Guinean authorities are actively pushing joint venture partners involved in the massive Simandou iron ore project. They are demanding a substantial increase in shipments to China, with the goal of more than doubling the current flow to 4 million tonnes per month. This push is particularly urgent as the country prepares for the upcoming heavy rains, which pose a significant challenge to mining and export operations.