Do I need music theory for metal?

Short answer

No, not to start. You don't need to read notation. But knowing a few things, like what a power chord is, the natural minor scale, and which notes change the mood over a riff, makes writing and soloing much faster.

What theory actually does for you

Plenty of great metal was written entirely by ear. Theory is a shortcut for that ear work. Instead of stumbling onto a dark sound by accident, you know "that's the flat 2, that's why it sounds evil", and you can find it again in any key.

The theory worth learning first

All of it is covered with tab in metal scales for guitar.