METLEN Energy: Securing Long-Term Supply Chain Improvements in Bauxite and Alumina

METLEN Energy & Metals (METLEN) has announced a strategic move to secure long-term supply chain improvements in both Bauxite and Alumina, signing two significant agreements with Rio Tinto. These agreements will support METLEN's large-scale expansion of Alumina production capacity at the historic "Aluminium of Greece" plant in Agios Nikolaos, Viotia, Greece.

The Bauxite Supply Agreement with Rio Tinto will provide METLEN with approximately 14.9 million metric tonnes of bauxite from the CBG mine in Guinea over an 11-year period (2027-2037). This will supplement METLEN's own production in local mines, ensuring a steady and secure supply of the primary raw material for alumina production. This agreement mitigates the risks associated with political instability or supply disruptions in Guinea, which could otherwise impact METLEN's alumina production.

The Alumina Offtake Agreement with Rio Tinto allows METLEN to supply 3.9 million metric tonnes of alumina to Rio Tinto's operations in the Atlantic region over an 8-year period (2027-2034) with an optional 3-year extension (2035-2037). This agreement helps METLEN deepen its presence in the global alumina market, particularly in Europe, where Rio Tinto has a significant presence. By securing a stable offtake arrangement for its alumina production, METLEN can ensure consistent demand and revenue, contributing to the profitability of its supply chain.

Evangelos Mytilineos, Chairman & CEO of METLEN Energy & Metals, commented on the strategic partnership with Rio Tinto: "This strategic partnership with Rio Tinto is one more milestone for METLEN, ensuring a secure and competitive supply chain for our expanding alumina production. With these agreements, we strengthen our competitive position and deepen our presence in the global alumina market."

Jerome Pécresse, Chief Executive of Rio Tinto Aluminium, said: "Rio Tinto is pleased to forge this long-term partnership with METLEN Energy and Metals, securing alumina supply for our operations in the Atlantic region to continue producing high-quality, low-carbon aluminium for our customers while strengthening our position in Europe."

These agreements are part of METLEN's strategy to reinforce and expand its operations in the global alumina market. By securing long-term bauxite supply and a stable offtake arrangement for its alumina production, METLEN is establishing its position as a key player in the industry while ensuring sustainable growth.

METLEN Energy & Metals is a multinational industrial and energy company, a leader in the metallurgy and energy industries, focused on sustainability and circular economy. The Company is listed on the Athens Stock Exchange, with a consolidated turnover and EBITDA of €5.492 billion and €1.014 billion, respectively. METLEN is a reference point for competitive green metallurgy at the European and global level, whilst operating the only vertically integrated bauxite, alumina, and primary aluminum production unit in the European Union (E.U.) with privately owned port facilities. In the energy sector, METLEN offers comprehensive solutions, covering thermal and renewable energy projects, electricity distribution and trading, alongside investments in grid infrastructure, battery storage, and other green technologies. The Company is active in the markets of all five continents, in 40 countries, adopting a full-scale synergetic model between the Metallurgy and Energy Sectors, while undertaking end-to-end development of major energy infrastructure projects.

METLEN's strategic agreements with Rio Tinto demonstrate the Company's commitment to securing long-term supply chain improvements in both Bauxite and Alumina, ensuring a stable and competitive supply chain for its expanding alumina production. By strengthening its competitive position and deepening its presence in the global alumina market, METLEN is well-positioned to achieve sustainable growth in the industry.