Egypt's First Iron Ore Exports to China Mark a Historic Milestone in Mining and Trade

The shipment of 50,000 mt of iron ore from Egypt to China is more than just a commercial transaction; it symbolizes the deepening economic cooperation between the two countries. This historic event highlights Egypt's potential as a supplier of raw materials and marks China's role as a strategic investor in Africa's emerging economies. For Egypt, this shipment serves as proof of its successful economic reforms and signals more opportunities in the future. Considering the average price of iron ore in the Chinese market is $100 per mt, Egypt is poised to generate annual revenues of several million US dollars from future exports.