[SMM Aluminum Flash News] METLEN Approved for EUR 300 Million Gallium Expansion Project in Greece

Published: May 19, 2026 10:24

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Greece’s Interministerial Committee for Strategic Investments has approved METLEN Energy & Metals’ EUR 300 million gallium expansion project linked to its existing bauxite mining and alumina refining operations at Aluminum of Greece. The project will also support the expansion of nearby bauxite mines and alumina facilities. Gallium is classified by the EU as a critical raw material used in semiconductors, photovoltaics, AI and defense technologies. METLEN said the investment aims to strengthen Europe’s domestic critical mineral supply chain, reduce import dependence and improve industrial resilience. The project is expected to receive about EUR 118 million in grants and tax incentives.

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