In a move that reverberates throughout the global chemical and metals industry, Metlen Energy & Metals, formerly MYTILINEOS Energy & Metals, has cemented two pivotal long-term agreements with mining giant Rio Tinto. This strategic alliance is poised to dramatically reshape Metlen's alumina production capabilities, ensuring a stable and robust supply chain amidst escalating global demand.

This exclusive development centres on Metlen's ambitious expansion of its Aluminium of Greece plant in Agios Nikolaos, Viotia. Central to this growth is the need for a secured, long-term bauxite supply and guaranteed alumina offtake. The partnership with Rio Tinto addresses both fronts, enabling Metlen to surge its alumina production from 865,000 tons to a substantial 1.265 million tons annually, a 46% increase that underscores its dedication to meeting the evolving needs of the aluminium industry.

The cornerstone of this collaboration is the bauxite supply agreement. Rio Tinto will deliver an impressive 14.9 million metric tons of high-grade bauxite from its esteemed CBG mine in Guinea to Metlen over an 11-year period, spanning 2027 to 2037. This long-term commitment provides Metlen with a critical, reliable feedstock, supplementing its existing local mining operations. This influx of premium bauxite from one of the world's most prolific mining regions significantly de-risks Metlen's supply chain, ensuring operational continuity and paving the way for sustained growth. This signifies a crucial stabilization of raw material access for a vital component.

Complementing the bauxite agreement is a significant alumina offtake deal. Metlen will supply Rio Tinto with 3.9 million metric tons of alumina from its expanded plant between 2027 and 2034, with an option for a three-year extension. This agreement is not merely a commercial transaction; it solidifies a strategic partnership between two industry titans. For Metlen, it guarantees a substantial market for its increased alumina output, diversifying its customer base and cementing its position as a key player in the global alumina supply chain. This assured demand allows Metlen to confidently invest in its expansion, knowing that its product has a secured future.

Metlen's strategic investment in alumina production is a testament to its forward-thinking approach. The company recognizes the growing demand for aluminium, driven by its critical role in sectors like automotive, aerospace, and sustainable construction. By securing a long-term, reliable supply of high-quality bauxite and establishing a guaranteed offtake agreement, Metlen is not only expanding its production capacity but also enhancing its competitive advantage in the global market. This collaboration exemplifies a growing trend within the chemical and metals industry: strategic partnerships that leverage the strengths of each company to secure resources and market access in an increasingly competitive landscape. This deal will be closely watched by those in the chemical sector, as it highlights the importance of resource security and long-term planning in the face of rising global demand.