Ministry of Development gives “green light” to landmark gallium production investment

A caller Strategic Investment of Flagship Importance successful the tract of captious earthy materials was approved by the Interministerial Committee for Strategic Investments, convened by Minister of Development Takis Theodorikakos.

The concern concerns Metlen and has a full fund of €340 million. The task volition alteration Greece to nutrient gallium — a captious earthy worldly — successful quantities capable to screen 100% of the European Union’s needs, thereby contributing to Europe’s autonomy and information during a play of important geopolitical developments, portion besides substantially strengthening Greece’s geostrategic role.

Gallium, which is produced during the processing of bauxite, has applications successful captious technologies specified arsenic semiconductors, defence systems, artificial quality applications, and precocious photovoltaic systems. The improvement of home accumulation capableness is expected to importantly trim strategical dependence, strengthening the resilience of European manufacture against outer disruptions and commercialized restrictions. The task is afloat aligned with EU objectives regarding captious earthy materials and strategical autonomy.

At the nationalist level, the concern is expected to fortify Greece’s concern basal and unafraid precocious value-added jobs. It is the archetypal task approved for enactment nether the CISAF 6.1 framework, for which Greece received support from the European Union successful February 2025.

In addition, the Ministry of Development, done the General Secretariat for Private Investments, submitted a financing petition to the Modernisation Fund and secured sum for a ample information of the project’s budget. Overall, the concern volition person €118 cardinal successful grants and taxation incentives.

Also participating successful the gathering of the Interministerial Committee for Strategic Investments were Vice President of the Government Kostis Hatzidakis, Minister of Environment and Energy Stavros Papastavrou, Alternate Minister of National Economy and Finance Nikos Papathanasis, Minister of Culture Lina Mendoni, and Deputy Foreign Minister Haris Theoharis.

The task is considered a landmark inaugural that is expected to fortify Europe’s competitiveness, information of supply, and geoeconomic position.