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Metlen plans gallium production to meet European demand
Metlen Executive Chairman Evangelos Mytilineos stated in an interview with the Financial Times that the company plans to produce up to 50 tons of gallium annually. This volume is sufficient to meet current European demand.
Production is expected to commence next year. Metlen maintains a significant cost advantage, with current production costs below $300 per kilogram, compared to European prices exceeding $3,000 per kilogram. The company aims to eventually reduce costs to $100 per kilogram to remain resilient against Chinese market fluctuations.
Mytilineos highlighted a paradox within the European Union: while the region seeks to reduce its reliance on China for critical raw materials, it has not yet established the necessary funding, demand, or long-term trade commitments to support domestic producers. He noted that European businesses often continue to favor cheaper Chinese products, whereas the US and Japan are taking more decisive steps toward supply chain security. Due to the lack of organized European demand, Metlen is looking toward international markets, having already sold approximately 25% of its planned production to a US-based company.
Entities
China · European Union · Evangelos Mytilineos · Financial Times · Metlen
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] The company aims to further reduce production costs to $100 per kilogram. www.energygame.gr · viotiaplus.gr · www.worldenergynews.gr · www.insider.gr · www.capital.gr
- [● 5 SOURCES] Initial production is expected to begin next year. www.energygame.gr · viotiaplus.gr · www.worldenergynews.gr · www.insider.gr · www.capital.gr
- [○ 1 SOURCE] Approximately 25% of the planned production has already been sold to a US company. www.capital.gr
- [● 5 SOURCES] Current production costs are below $300 per kilogram. www.energygame.gr · viotiaplus.gr · www.worldenergynews.gr · www.insider.gr · www.capital.gr
- [● 5 SOURCES] Metlen plans an annual production of up to 50 tons of gallium. www.energygame.gr · viotiaplus.gr · www.worldenergynews.gr · www.insider.gr · www.capital.gr
- [● 5 SOURCES] The European Union lacks the necessary funding, demand, and long-term trade commitments to support domestic production. www.energygame.gr · viotiaplus.gr · www.worldenergynews.gr · www.insider.gr · www.capital.gr