Prices of Niche Chinese Mineral Steady After Rush to Beat Exports Curbs
- Inquiries from overseas buyers have dissipated, SMM reports
- Local prices stabilize after climbing on news of restrictions
This article is for subscribers only.
A rush by overseas buyers for Chinese gallium — a niche-but-critical metal that’s soon to be subject to export controls — has eased off as the pace of inquiries slows and local prices stabilize.
Inquiries from foreign buyers have dissipated, researcher Shanghai Metals Market said in a note, citing market participants. Risks are rising as shipments may not able to leave before the curbs kick in next month, it said.