Egypt Aluminum

Egypt Aluminum (Egyptalum) signed a term sheet with Trafigura and Metallurgical Industries Holding Company to build a new 300,000-tonne-per-annum primary aluminum smelter and a 150,000-tonne-per-annum anode plant at its Nag Hammadi complex in Egypt. The investment is estimated at $750-900 million, nearly doubling capacity to 600,000 tonnes/year.