In this work we review methods to decrease the optical absorption losses in metamaterials. The practical interest for metamaterials is huge, but the possible applications are severely limited by their high inherent optical absorption in the metal parts. We consider the possibilities to fabricate metamaterial with a decreased metal volume fraction, the application of alternative lower-loss plasmonic materials instead of the customary utilized noble metals, the use of all-dielectric, high refractive index contrast subwavelength nanocomposites. Finally, we dedicate our attention to various methods to optimize the frequency dispersion in metamaterials by changing their geometry and composition in order to reach lower absorption, which includes ...