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

Published: May 19, 2026 10:24

Save

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.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

7 hours ago

Aluminum prices rise across Japan, South Korea and Thailand; spot premiums diverge and move higher【SMM Analysis】

7 hours ago

SHFE Cast Aluminum Alloy Warrants Decrease by 576 mt to 37,355 mt on June 12

[SMM Flash] SHFE data shows that as of June 12, total registered warrants for cast aluminum alloy stood at 37,355 mt, a decrease of 576 mt from the previous trading day. Specifically, Shanghai registered 2,897 mt, unchanged from the previous trading day; Guangdong registered 7,438 mt, down 727 mt; Jiangsu registered 7,773 mt, up 62 mt; Zhejiang registered 12,664 mt, up 180 mt; Chongqing registered 5,738 mt, down 91 mt; and Sichuan registered 845 mt, down 150 mt.

7 hours ago

Cashing Out Near the Weekend Cools Spot Aluminum Slightly [SMM South China Spot Aluminum Daily Commentary]

7 hours ago