#Greece #Athens #Gallium #METLEN #Critical Materials

METLEN Signs Landmark Gallium Supply Agreement

In a monumental step for Europe's critical resources strategy, METLEN announced on July 29, 2026, the establishment of a long-term commercial agreement with a major American technology company. This agreement involves the purchase of approximately 25% of the future annual gallium production from METLEN's planned plant in Greece. The specifics of the contract remain confidential, yet it marks a historic milestone in securing reliable gallium supplies, a material essential for emerging technologies.

The Significance of Gallium

Gallium plays a crucial role in various high-tech industries, including artificial intelligence, renewable energy infrastructures, telecommunications, and defense solutions. Currently, global gallium production is heavily concentrated in a few countries, making the establishment of alternative and dependable supply sources a strategic imperative for industrialized economies.

METLEN's initiative to become the first European company to create an integrated gallium production system not only positions Greece but also the European Union at the forefront of a new strategic industrial value chain. This move comes after years of dedicated research and innovation from METLEN's internal R&D teams, particularly those based in the historic Aluminium of Greece site in collaboration with the newly established ‘Critical and Rare Metals’ sub-sector within M Metals.

Comments from METLEN Leadership

Evangelos Mytilineos, the Executive Chairman of METLEN, expressed pride in the company's breakthrough for both Greece and Europe. He emphasized the significance of their gallium production efforts, stating that it marks the first instance where one of METLEN's metallurgical products has attracted such attention from leading global industrial economies. Mytilineos highlighted the trust that global leaders in technology now place in METLEN’s products, noting that these materials have undergone comprehensive qualification testing.

The European Commission has recognized METLEN's gallium production project as strategic under the Critical Raw Materials Act, further underscored by the European Investment Bank's endorsement and funding approval as part of the REPowerEU initiative.

About METLEN

METLEN Energy Metals Plc (METLEN) is an international entity dedicated to both the industry and energy sectors. The company holds a leading position in the metallurgical and energy industries, with a focus on sustainable growth and circular economies. Known for its competitive green metallurgy, METLEN operates the only fully integrated production facility for bauxite, alumina, and primary aluminum within the European Union, complete with private port facilities.

In the energy sector, METLEN provides integrated energy solutions by implementing thermal and renewable energy production projects and is involved in electricity distribution, trading, and investment in network infrastructures and green technologies, including battery storage.

With operations spanning five continents and over 40 countries, METLEN employs more than 8,500 global employees and maintains a synergistic business model across its divisions.

Financial Highlights

Listed predominantly on the London Stock Exchange and secondarily on the Athens Exchange, METLEN is part of the FTSE 100 index. In 2025, the company's consolidated revenue reached €7.11 billion, with an EBITDA of €753 million and a net profit of €314 million. With an adjusted net debt of €2.10 billion and a net debt-to-EBITDA ratio of 3.1x, METLEN showcases strong financial resilience. The company is evaluated by major international agencies for sustainability and ESG, being the only Greek firm in the Dow Jones Best-in-Class Emerging Market index, and consistently ranks high in various sustainability metrics.

For more information, please visit METLEN's website.