Egypt's exports of aluminum, copper hit $171M in Q1 of 2020

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Sun, 26 Apr 2020 - 12:20 GMT

FILE - Aluminum Industry

FILE - Aluminum Industry

CAIRO - 26 April 2020: The Export Council for Building Materials, Refractory & Metallurgy Industries (ECBM) has said that Egypt's exports of aluminum and copper decreased to $170 million in the first quarter of 2020, against $190 million in the same period last year, marking a decline of 10 percent.

Algeria, Italy, Syria, Libya, Turkey, Greece, Jordan, Germany and Morocco accounted for 75.5 percent of the country's aluminum and copper exports during the first three months of 2020, at a total value of $129.7 billion, the ECBM added in a report released on Sunday.

The report pointed out that Egypt's exports of copper and its derivatives went down during the first half of 2020 by about 25 percent to reach $33 million, compared to $44 million in the same period last year.

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