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2 clusters · 13 sources · 8 days · First seen 8 days ago · Last updated about 5 hours ago

METLEN gallium production initiatives in Europe

Overview

METLEN CEO Evangelos Mitilineos has identified significant risks to European energy security and resource stability, citing geopolitical instability in Ukraine and the Middle East. He specifically highlighted the vulnerability of the gallium market, noting that China produces approximately 950 tons of the 1,000-ton annual global volume, which led to price volatility following 2023 export restrictions.

To address these shortages, METLEN is investing in a production unit in Boeotia, Greece, intended to be Europe’s first gallium production facility. The company aims to produce up to 50 tons of gallium annually, a volume expected to meet current European demand.

Mitilineos noted a significant cost advantage, with production costs below $300 per kilogram compared to European prices exceeding $3,000 per kilogram. While the company aims to eventually reduce costs to $100 per kilogram to resist Chinese market fluctuations, Mitilineos criticized the European Union for lacking the funding and long-term trade commitments necessary to support domestic producers. Consequently, METLEN is targeting international markets, having already secured sales for approximately 25% of its planned production to a US-based firm.

Entities

China · European Union · Evangelos Mytilineos · Metlen · Boeotia

Claims

What the coverage asserts, and how many sources carry each claim.

[● 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] Initial production is expected to begin next year. www.energygame.gr · viotiaplus.gr · www.worldenergynews.gr · www.insider.gr · 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] 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] 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
[○ 1 SOURCE] Approximately 25% of the planned production has already been sold to a US company. www.capital.gr

Timeline

about 5 hours ago

[BUSINESS] 7 sources
Metlen plans gallium production to meet European demand
Metlen plans to produce 50 tons of gallium annually starting next year, aiming to meet European demand and compete with lower-cost Chinese imports through significant production cost advantages.
8 days ago

[BUSINESS] 8 sources
METLEN CEO warns of difficult European winter and energy risks
METLEN CEO Evangelos Mitilineos warns of a difficult European winter due to geopolitical tensions and rising energy costs, while highlighting the need for domestic gallium production to reduce reliance on China

Sources

capital.gr · energygame.gr · energymag.gr · insider.gr · lykavitos.gr · newmoney.gr · newsbomb.gr · Reporter.gr · sbctv.gr · tromaktiko.gr · viotiaplus.gr · worldenergynews.gr · zougla.gr