Author presents a bullish fundamental case for Metlen Energy & Metals (MTLN.L) citing low P/E, EU-backed gallium production, and growth targets.
MTLN.L — LONG The author argues Metlen Energy & Metals trades at a low P/E (~9.5) versus peers while generating over €1B EBITDA and aiming for €2B by 2030, with a 3.5% dividend and low debt. The key catalyst is EU approval of €90M investment making Metlen Europe's only gallium producer, a critical metal for AI chips and defense. The author frames the question of whether the 'Greek discount' persists after the London listing as the main uncertainty.
A big plus: the EU approved €90M investment for Metlen to be Europe’s only gallium producer — a key metal for AI chips and defense.