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2 clusters · 2 sources · 11 days · First seen · Last updated

METLEN gallium plant in Greece

Overview

In late July 2026, METLEN Energy & Metals PLC announced a long‑term off‑take agreement to supply about 25 % of the annual gallium output from its planned Greek production plant to a leading United States technology company. The deal, the first substantial gallium supply contract between a European producer and a U.S. tech firm, is expected to support AI, renewable‑energy, telecoms and defence applications once the plant reaches full capacity of 50 tonnes per year by 2028.

A week later, the Greek government approved a €91.5 million grant and tax incentives for the project, classifying the €340.6 million investment as a Strategic Investment. The support, funded through EU recovery and modernization funds, will finance the integrated bauxite‑gallium‑aluminium production line, research facilities, energy infrastructure, port upgrades and flood‑protection works in Agios Nikolaos, Boeotia.

Entities

Metlen · Evangelos Mylti · Greek government · European Union · European Investment Bank

Timeline

  1. 4 days ago

    [BUSINESS] 2 sources
    Metlen receives €340.6 million strategic investment incentives in Greece

    Greek authorities approved €340.6 million strategic investment incentives for Metlen, including a €91.5 million grant and tax breaks, to build a bauxite‑gallium‑aluminium production line in Agios Nikolaos, Boe­

  2. 14 days ago

    [BUSINESS] 17 sources
    METLEN secures landmark gallium supply contract with US tech giant

    METLEN signed a confidential long‑term deal to supply about 25 % of its future gallium output from a new Greek plant to a leading US technology firm, a first EU‑US supply contract for the critical metal.

Sources

dnews.gr · neaptolemaidas.gr