🔴 Aluminium Company of Egypt is trading 2.7% down today amid ongoing reporting of major expansion deal
Aluminium Company of Egypt
Aluminium Company of Egypt is trading 2.7% down at $302.30 today, as the market continues to process information regarding its recently announced $750-$900 million expansion deal with Trafigura.
The company's expansion of its Nag Hammadi complex, which aims to nearly double its production capacity, was reported in early May and updated as recently as June 13, 2026.
This price movement follows a period where the stock also saw significant gains tied to global aluminum price strength and a weaker Egyptian pound.