【SMM Aluminum Flash News】Egyptalum Seeks $100M Loan for Country's First Aluminum Foil Plant

Published: Jun 19, 2026 14:29

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According to foreign media reports, Egypt Aluminum (Egyptalum) is seeking to obtain a loan of 5 billion Egyptian pounds (approximately US$100 million) from a consortium of Egyptian and Gulf banks to build Egypt’s first aluminum foil manufacturing plant. The first phase of the project is expected to produce 25,000 tons of aluminum foil annually, with an investment of approximately US$90 million. According to reports, the total investment after the project expansion will reach US$135 million, but the final production capacity was not disclosed. According to previous reports, Egypt Aluminum has allocated 1.4 billion Egyptian pounds in its investment budget for the 2025-2026 fiscal year for the first phase of the project. According to Egyptian official statistics, Egypt’s aluminum foil import volume is close to US$140 million per year. In May 2026, Egypt Aluminum and Trafigura signed a strategic cooperation agreement aimed at large-scale expansion of the Nag Hammadi Aluminum Complex. The project investment is expected to be US$750 million to US$900 million. Egyptalum is North Africa's largest primary aluminum producer, with a total annual production capacity of 320,000 tons. About 60% of its exports are sold to the EU.

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