Metlen will make a major investment of almost €300 million for the production of bauxite, alumina and gallium in Agios Nikolaos, Boeotia. The investment “strengthens Europe's self-sufficiency in critical raw materials, as well as Greece's strategic position on the global map,” says the company's chairman and CEO, Evangelos Mytilineos.  

According to the company's announcement, the Metallurgy Committee, in a joint meeting with the Capital Allocation Committee, today, 16 January 2025, adopted the Final Investment Decision for the implementation of a major new investment for the production of bauxite, alumina and gallium.

This flagship project, which will be implemented in Agios Nikolaos of Boeotia, within the boundaries of the historic “Aluminium of Greece” plant, is a milestone in the history of the Metallurgy Sector, as it will significantly increase its production capacity, while it will also integrate Gallium, a critical material for the future of Europe, into industrial production.  

The €295.5 million investment project aims to achieve a total production capacity (on an annual basis) of 2 million tonnes of bauxite, 1,265,000 tonnes of alumina (up from 865,000 tonnes today) and 50 MT of gallium (for the first time). All three of these materials are included in the European Union's list of Critical Raw materials. The total Capex includes the following individual investments:

• New buildings and mechanical equipment for the development of the gallium production line,
• New buildings and mechanical equipment for the expansion and modernisation of the alumina production capacity,
• Energy supply projects for the industrial unit
• Expansion and upgrading of the port,
• Other road infrastructure projects