[SMM Aluminum Flash News] Egypt to Delay EgyptAlum Stake Sale Until Expansion Boosts Valuation

Published: Jul 9, 2026 17:07

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Egypt plans to postpone any sale of a stake in state-owned EgyptAlum until ongoing expansion projects raise the company's value by three to four times. Key projects include a 300,000 tpy smelter expansion with Trafigura, a proposed alumina refinery and a new 600,000 tpy aluminum project. If completed, Egypt's total aluminum production capacity could reach around 1.2 million tonnes per year.

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