EIB provides €90 million financing to METLEN for Europe's first gallium production investment in Greece
Type: Financing · Technology: Mining · Country: Greece · Value: EUR 90M · Announced: 2026-01-15
EIB provided €90 million financing to METLEN for Europe's first primary gallium production facility in Greece. This new plant diversifies the EU's strategic raw material supply, critical for semiconductors, EVs, and renewable energy technologies.
Analysis
The European Investment Bank is injecting €90 million into Metlen Energy & Metals, backing what will be Europe's first EIB-supported gallium production project in Greece. This financing targets strategic investments at Metlen's Aluminium of Greece complex, specifically modernizing bauxite mining and developing a new gallium facility. For a global industrial and energy company like Metlen, already positioned at the forefront of the energy transition, this move directly strengthens the EU's critical raw materials supply. It's a clear alignment with the European Critical Raw Materials Act, aiming to secure essential inputs for green and digital technologies.
Key points
- €90 million EIB financing announced 2026-01-15.
- Europe's first EIB-backed gallium production project.
- Metlen Energy & Metals, a global industrial and energy company, is the borrower.
- Project located at the Aluminium of Greece complex in Central Greece.
Counterparties
- European Investment Bank (EIB) (Lender)
- Metlen Energy & Metals (Borrower)
- Metlen Energy & Metals (Investor)