Trafigura has signed a term sheet with Egyptalum and Metallurgical Industries Holding Company to develop a $750-900 million primary aluminium project in Egypt. The plan includes a 300,000 tpa smelter and 150,000 tpa anode plant at Nag Hammadi, aimed at nearly doubling Egyptalum’s capacity. The project aims to nearly double Egyptalum’s capacity, and enhance long-term raw material security through Trafigura’s offtake and investment participation.
Egypt: Trafigura partners with Egyptalum for major aluminium smelter expansion in Egypt
$750 million aluminium project $900 million smelter investment 300000 tpa smelter Egypt aluminium anode plant Egypt aluminium capacity expansion Egypt aluminium industry investment Aluminium Market Outlook aluminium offtake agreement Trafigura aluminium production growth aluminium sector development aluminium smelting capacity growth aluminium supply chain security aluminium upstream investment Egypt aluminium smelter Egypt industrial expansion Egypt mining and metals global aluminium demand global aluminium supply diversification global commodities aluminium industrial metals supply chain metallurgical industries Egypt Nag Hammadi aluminium plant non ferrous metals investment primary aluminium production raw material security aluminium Trafigura Egyptalum project
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