Metlen Secures €295.5 Million Investment in Greece

METLEN Energy & Metals has announced a €295.5 million investment to develop an integrated production line for bauxite, alumina, and gallium at the 'Aluminium of Greece' facility in Agios Nikolaos, Viotia. This project, which received final investment approval on January 16, 2025, aims to significantly increase production capacity, targeting 2 million tonnes of bauxite, 1.265 million tonnes of alumina, and 50 metric tonnes of gallium annually. The investment is crucial for enhancing Europe's self-sufficiency in critical raw materials, particularly in light of China's dominance in gallium production. METLEN's CEO, Evangelos Mytilineos, emphasized that this move will bolster Greece's role in the global market and reduce European industry’s reliance on external suppliers. The initiative includes the development of new mining deposits, advanced production facilities, and infrastructure upgrades, marking a significant step towards a greener industrial future. This investment aligns with the European Union's strategy to secure critical raw materials essential for various industries.