International Gallium Prices Soar Threefold in Two Years, Prompting U.S. to Enter ‘Gallium Mining’ Phase
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Author:小编   

In the span of just two years, the price of low-purity gallium—a metal benchmarked internationally in Rotterdam—has surged nearly threefold. By January of this year, it reached an unprecedented average of approximately $1,572 per kilogram, marking a record high. Gallium, a vital component in both cutting-edge technology and military applications, sees China dominating the global primary production scene, contributing over 90% of the world's supply. In response to this dynamic market, the United States has earmarked hundreds of millions of dollars in recent months to forge a robust gallium supply chain. Through a multifaceted approach encompassing 'overseas deployment, cross-border cooperation, and domestic recycling,' the U.S. aims to redefine the global gallium supply landscape. Projections indicate that by 2030, the worldwide demand for gallium is set to escalate by around 24%, further underscoring the strategic importance of this initiative.