Guinea, the world's largest bauxite producer, is negotiating with mining companies to limit ore exports as a strategy to stabilize falling prices. The West African nation, which holds roughly one-third of global bauxite reserves, is seeking to protect its economy from volatile commodity markets. The discussions involve major mining companies operating in Guinea's rich mineral belt.

Bauxite prices have been under pressure due to oversupply and weakening demand from China, the world's top aluminum producer. Guinea's proposed supply controls would represent a significant shift in how the country manages its mineral resources. The nation has traditionally focused on maximizing production volumes, but falling prices have prompted officials to reconsider this approach.

The move could have ripple effects across the global aluminum supply chain, as Guinea accounts for about one-quarter of global bauxite production. Any production cuts would tighten supply and could support prices if implemented effectively. Mining companies operating in Guinea, including major players like Rio Tinto and Alcoa, would need to adjust their operations if new export restrictions are imposed.