Metlen to Boost EU's Strategic Gallium Supply by 2028

Greek energy group Metlen announced plans to produce 50 tonnes of gallium by 2028, meeting the European Union's demand for this critical mineral. This move aligns with the EU's strategy to enhance its energy transition and security by increasing domestic production of essential materials.

The Greek energy company Metlen has revealed an ambitious plan to produce 50 tonnes of gallium by 2028, a move set to fully satisfy the European Union's demand for the critical mineral used in smartphones and high-quality semiconductors.

This announcement coincides with the European Commission's strategy to bolster the EU's production of vital materials essential for energy transition and security. Metlen's commitment aligns with a broader initiative unveiled by the European Commission, which listed 47 strategic projects aimed at enhancing the EU's industrial base.

Facing China's significant control over gallium production, with its 98.8% market share, Metlen's President and CEO, Evangelos Mytilineos, expressed confidence in the project's potential, supported by a €300 million investment. Additionally, the Greek company plans to venture into rare-earth metals, including scandium and germanium, essential in various high-tech applications. European Commissioner Vice President Stephane Sejourne affirmed the EU's backing during a recent visit to Metlen's Greek mines, underscoring Greece's pivotal role in the minerals sector.

(With inputs from agencies.)