Commodities
Gallium Has More Than Doubled in Price on China Export Curbs
- Gallium exports haven’t recovered since Beijing’s restrictions
- Asian nation refines some 94% of the metal’s global supply
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Prices for gallium are close to their highest since 2011 as China’s export restrictions crimp global supply and hurt buyers of the metal used in a swathe of high-tech applications.
Beijing last year placed gallium and germanium under stricter government oversight — largely seen as a tit-for-tat response to the US-China trade war on technology. Gallium exports ground to a halt in August and September of 2023 and, while flows have restarted since then, volumes are still significantly lower.