Global Infrastructure SherpaEIB provides €90 million financing to METLEN for Europe's first gallium production investment in Greece
EUR90M
Deal Value
The European Investment Bank (EIB) has approved €90 million in financing for METLEN Energy & Metals to support strategic investments at its Aluminium of Greece industrial complex in Central Greece. This funding will modernize bauxite mining operations and develop a new gallium production facility, marking Europe's first EIB-backed gallium production project. The investment aims to strengthen the EU's supply of critical raw materials essential for green and digital transitions, aligning with the European Critical Raw Materials Act.
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Counterparts (3)
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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.
- €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.
Timeline
Announced
Jan 15, 2026
Signed
Closed
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