Raw materials: Europe's answer to China? Greece is tapping its natural resources with billion-euro investments
Gold, copper and gallium: Greece is stepping up raw materials mining. This is not only driven by high investments from corporations, but also by an EU strategy.
Eldorado Gold's subsidiary Hellas Gold has opened a gold and copper mine at Skouries on the Kassandra peninsula in northern Greece, after over a decade of construction and an investment of $2 billion. The mine is set to start commercial production in the fourth quarter. Greece is now set to become one of Europe's largest gold producers, along with Bulgaria, Finland, and Sweden.
The site will also produce gallium, which Metlen Energy & Metals plans to use to meet the current demand of the European Union. The mine's operation aligns with the EU's goal of reducing its dependence on critical raw materials from China and other non-EU countries.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
