The Interministerial Committee on Strategic Investments, convened by Development Minister Takis Theodorikakos, has approved a new investment plan in the critical raw materials sector.
According to an announcement, this project strengthens Europe’s competitiveness, security of supply, and geo-economic position. It involves a Metlen investment with a total budget of €340 million, which enables Greece to produce gallium, a critical raw material, in sufficient quantities to cover 100% of the European Union’s needs.
According to a related announcement, this investment contributes to autonomy and security during a critical period of significant geopolitical developments. At the same time, it significantly strengthens Greece’s role at the geostrategic level.
Gallium, a by-product of bauxite processing, is utilized in essential technologies including semiconductors, defense systems, AI applications, and modern photovoltaic systems.
