Metlen Energy & Metals (LON: MTLN), the FTSE 100 industrial and energy group, said today it is investing nearly €25 million in EP.AL.ME, its recycled aluminium unit. The money funds new automated sorting, processing and melting equipment, part of what the company calls its Integrated Aluminium Value Chain.
Metlen shares traded at €47.68 on the London Stock Exchange this morning, up 0.168% from yesterday’s close of €47.60, within an intraday range of €47.32 to €47.94.
EP.AL.ME, Greece’s largest independent recycled aluminium producer, will use the upgrade to process more complex scrap it previously struggled to handle. That deepens the link with Aluminium of Greece, its primary smelter, with the two increasingly run as one integrated system.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Recycling aluminium uses roughly 5% of the energy needed to produce the primary metal, underpinning the economic case.
Metlen framed the project as aligned with the EU’s Critical Raw Materials Act and Clean Industrial Deal, both aimed at securing domestic supply of strategic metals. Once developed, combined output at the two plants is expected to exceed 250,000 tonnes, alongside improved margins.
The announcement is a routine strategic capital commitment rather than a market-moving event, consistent with the muted share reaction.
