Trafigura Partners Egyptalum on Major Aluminium Smelter Expansion in Egypt
Trafigura and Egyptalum Plan Up to US$900 Million Aluminium Smelter Project in Egypt Global commodities trader Trafigura has entered into exclusive negotiations with Egyptian Aluminium Company (Egyptalum) and Metallurgical Industries Holding Company (MIH) to develop a major new primary aluminium smelter in Egypt at an estimated cost of between US$750 million and US$900 million. Under the proposed agreement, the parties plan to establish a new company that will build, own, and operate a 300,000-tonne-per-year primary aluminium smelter and a 150,000-tonne-per-year anode plant at Egyptalum’s Nag Hammadi industrial complex. Once operational,…
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