Metlen Energy inks commercial deal with "major" Japanese chemical firm
Metlen Energy & Metals PLC on Monday said it signed a long-term agreement with a "major" Japanese chemical company regarding the future supply of gallium.
The Athens-based aluminium producer and electricity generator said the deal represents up to 16% of its total annual gallium production from its production facility in Greece, which is currently under construction.
Metlen added that the commercial terms of the agreement remain confidential.
The firm said it is "almost certain" that all of the production of 50 metric tonnes per year will be sold out before start of commercial production, planned for the third quarter of 2027.
Metlen said: "The growing commercial interest reflects both the strategic importance of gallium and confidence in Metlen's integrated production model, which combines proprietary technology, secured feedstock from the refinery of its wholly owned aluminium of Greece and industrial facilities and large-scale production capabilities that are unique in Europe.
"With each new commercial partnership, Greece is strengthening its position as an emerging hub for critical raw materials, while Europe is building a meaningful presence in one of the most strategically important value chains."
Executive Chair Evangelos Mytilineos said: "The international response to our gallium project continues to exceed expectations. The successive commercial agreements we are announcing demonstrate that global industry is actively seeking reliable, high-quality and diversified supply sources. Through this investment, Greece is becoming part of a new global technology ecosystem, while Europe is steadily establishing its role in a strategic market that will underpin the next generation of industrial and technological innovation”
Metlen Energy shares rose 1.2% to EUR49.16 each on Monday morning in London.
Copyright 2026 Alliance News Ltd. All Rights Reserved.