METLEN Energy & Metals Secures Approval for Major Gallium Production Investment in Greece

METLEN's Gallium Production Investment Approved

On May 15, 2026, METLEN Energy & Metals received approval from the Interministerial Committee for Strategic Investments of the Hellenic Republic for a groundbreaking investment project relating to gallium production in Greece. This important project, which encompasses a total investment of approximately €300 million, has been recognized as a strategic endeavor in the realm of critical raw materials.

The Importance of Gallium

As classified by the European Union, gallium is a critical raw material utilized in various advanced technologies, including semiconductors, defense applications, artificial intelligence systems, and photovoltaic technologies. With the rising global demand for these technologies, the need for a stable and secure supply of gallium has become increasingly urgent.

Strategic Objectives

The primary goal of developing local gallium production capability is to enhance the resilience of European industrial supply chains and minimize dependency on external sources. This initiative aligns with the EU's policy objectives regarding critical raw materials and strategic autonomy. By localizing the supply of gallium, METLEN aims to contribute significantly to the European economy and promote self-sufficiency.

Integration with Existing Operations

This strategic investment is not a standalone project; it will integrate seamlessly into METLEN's current operations in bauxite mining and alumina refining under its subsidiary, Aluminium of Greece. This synergy is expected to optimize production processes and drive efficiencies across the board.

Financial Incentives

The investment has been sanctioned under the Strategic Investments framework and is the first initiative to be included under the CISAF 6.1 aid scheme. This scheme received approval from the European Commission in February 2025, which allows METLEN to benefit from a combination of grants and tax incentives totaling approximately €118 million. These financial supports will play a pivotal role in ensuring the project’s success and sustainability.

Future Prospects

With this approval, METLEN is poised to play a pivotal role in the gallium supply chain, further enhancing Greece's position in the global market for critical raw materials. The company is committed to ensuring the project is executed efficiently and with the highest environmental standards, reflecting its dedication to sustainability and responsible mining practices.

Overall, this strategic investment marks a significant step in addressing the growing demand for gallium and signifies METLEN's commitment to enhancing the European Union's industrial capabilities. By bolstering local production, METLEN aims to not only support their business goals but also contribute to the wider economic landscape of Europe and promote technological advancements in critical sectors.

In conclusion, with the backing of the Greek government and the strategic investment framework, METLEN Energy & Metals is well-positioned to embark on this ambitious project, paving the way for a more self-sufficient and resilient supply chain in Europe. This initiative will set a precedent for future investments in critical raw materials and illustrates the growing importance of strategic autonomy in an increasingly interconnected global economy.