Focused on Three Strategic Fronts
Evangelos Mytilineos, Chairman and CEO of METLEN, appeared on CNBC’s morning show “Europe Early Edition”, hosted by journalist Silvia Amaro, where he presented the company’s key prospects, focusing on three strategic pillars: expansion in the defense sector, METLEN’s planned listing on the London Stock Exchange, and the geopolitical dynamics shaping the critical metals supply chain.
Defense Industry
Addressing the company’s presence in the defense industry, Mytilineos stated:
“We have been operating in the defense sector for more than 25 years, with technologically advanced facilities in Greece supplying major companies around the world.”
He announced that METLEN is moving forward with the construction of three new factories surrounding its two existing facilities, forming a defense hub aimed at supporting Europe’s ReArm efforts in the coming months and years.
He added: “The European Union is discussing an initial €100 billion plan, and there are indications that up to €150 billion may be available for defense purposes. However, we still don’t know how these funds will be allocated or what partnerships will emerge.”
London Stock Exchange Listing
Regarding METLEN’s planned listing in London, Mytilineos said:
“When we announced our plans in December 2024, we gave a timeframe of 12 to 18 months. Today, the process is moving faster than expected, and if international markets remain relatively stable, the most likely timing for the listing is Q3 2025.”
Geopolitical Balance in Critical Metals
He also commented on global geopolitical shifts and reliance on China in the critical metals sector:
“I am not optimistic when it comes to tariffs, nor about the trajectory of the US-EU alliance. We are witnessing diverging views and priorities, particularly in their approach to Ukraine. For the first time since World War II, we are seeing a ‘divided’ Western world.”
