Abstract. The modelling strategies aimed to access the thermo-mechanical behavior of the up-to date light and superlight alloys should take into account characteristics of each particular manufacturing technology. In the present study the light alloys and materials of high porosity are regarded as multiphase composites for which the content of embedded phases is predominant. A new modification of differential effective medium theory is presented accounting for inclusion's size effects. The applied approach is based on the size-sensitive dilute homogenization procedure with Cosserat material matrix. Numerical examples for elastic properties of a close cell foam materials with different Poisson's ratio are presented and discussed.