Written by Abdel Halim Salem Wednesday, November 08, 2023 03:00 AM
Metal prices recorded varying increases London Stock Exchange Especially aluminum ore, which Egypt represents an important source for exporting abroad through national factories alongside the countries of China, Russia, India and Canada, which lead global production and export.
The movement of metals is affected by international disputes and conflicts, and supply chains in the world are affected by this, which causes its variable price to increase more than once per day according to demand and according to economic growth expectations and global inflation rates.
Aluminum price
According to the London Stock Exchange, the price of aluminum rose to $2,253 per ton, and its average price during the last 3 months reached about $2,278, an increase of 1.49%. Egypt’s crude exports amounted to about $2.3 billion in the last 5 fiscal years until 2022-2023.
The price of copper ore also rose to record $8,238 per ton, in addition to the rise in nickel ore, to record $18,445, and continues to rise globally, with Chile, China, the United States of America, Congo, and Peru leading the exporting and producing countries.
Meanwhile, the London Metal Exchange revealed that zinc, the production and export of which is topped by the previous countries, also rose to record $2,573.
2023-11-08 01:00:00
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