Reported about 7 hours ago
Greece's Metlen Energy & Metals SA is set to invest approximately €296 million in establishing the European Union's first gallium production line to counter China's recent export ban on the critical mineral. As gallium, crucial for semiconductors and advanced technological applications, faces supply challenges due to China’s dominance in the market, this project aims to enhance Europe's self-sufficiency. Integrated with bauxite mining and alumina processing, the initiative is expected to yield 50 metric tons of gallium annually and bolster Greece's strategic position in the global marketplace, commencing operations between 2026 and 2028.
Source: YAHOO