Egypt’s Metalco considering setting up aluminum smelter with $2.7 billion
Views : 134
Update time : 2023-05-12 16:52:22
The Egyptian Company for Metal Constructions (Metalco) is planning to build an aluminum smelter with around US$2.7 billion in order to meet domestic and overseas demand. The project was scheduled to have an annual production capacity of 600,000 tons.
Metalco is currently having talks with a potential partner. Two possible locations for this project under evaluation are the North Port Said area and the Golden Triangle Special Economic Zone.
Aluminium prices diverge as LME gains, SHFE declines amid rising inventories
Tariffs on Mexico finalised, SHFE aluminium weakens due to alumina drag
