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Egypt exports aluminum products worth 30 billion pounds within 5 years

Egypt exported aluminum products by about 30 billion pounds, during the period from the fiscal year 2015-2016 until the fiscal year 2019-2020, through the products of the Misr Aluminum Company of the Holding for Metal Industries, one of the companies of the Ministry of the Public Enterprise Sector.


According to the report on exports, which was obtained by the seventh day, the fiscal year 2018-2019 witnessed the highest amount of exports, amounting to 198 thousand tons with a value of 8.5 billion pounds, while 188.3 thousand tons worth about 8 billion pounds were exported for the 2017-2018 fiscal year.


The report indicated that 160.2 thousand tons were exported at a value of 2.4 billion pounds for the 2015-2016 fiscal year, while about 153 thousand tons were exported, worth 7.7 billion pounds for the 2016-2017 fiscal year, and during the fiscal year 2019-2020, 176.1 thousand tons were exported with a value of about 5.8 One billion pounds.



Misr Aluminum Company - one of the subsidiaries of the Holding Company for Metal Industries - has set the average basic selling price for the mineral 1980 dollars / ton in the estimated budget for the fiscal year 2021/2022, higher than the actual level of 2019/2020, and reached 1676 dollars / ton, and an average of six months until December year. 2020, amounting to $ 1809 / ton, as well as the account for the supplied electrical energy to the company at about 101 piasters / kWh.



According to the report of the estimated budget project, the Egyptian Aluminum Company aims to achieve production at the sale price of 10.638 billion pounds for the fiscal year 2021/2022 in exchange for actual production in 2019/2020 that amounted to about 8.3 billion pounds, with a growth of 2.301 billion pounds, a growth rate of 27.6%, and the value of actual production reached During the first half of the year 2020/2021, about 3.975 billion pounds, or 37.7% of the targeted production value in 2020/2021, amounting to 10.551 billion pounds.