Monopoly and speculation lead to unprecedented local cement price rise – as Libya seeks post-war reconstruction

By Sami Zaptia.

London, 4 August 2020:

The price of local cement has risen to more than LD 75 (US$ 53) per ton, compared to around LD 30 about a year ago, Libya’s state news agency LANA reported Sunday.

The more than doubling in price is partly put to war damage to local cement factories, some of which have stopped manufacturing, but is mainly attributed to pure monopolistic speculation by those currently being described in Libya as crisis or war merchants.

While the price of locally produced cement has reached LD 75, cement imported using . . .

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