Global commodities group Trafigura has entered into exclusive negotiations with the Egyptian Aluminium Company (Egyptalum) and the Metallurgical Industries Holding Company (MIH) to develop a new primary aluminium smelter, in Egypt, at a cost of between $750-million and $900-million. The parties plan to establish a new company that will build, own and operate a 300 000 t/y primary aluminium smelter and a 150 000 t/y anode plant at Egyptalum's Nag Hammadi complex. When in operation, the new facilities will nearly double the site's current production capacity.
