West struggles to break China niche metals grip

Three years after China restricted exports of gallium and germanium, Western nations are still grappling with high prices and supply shortages. While new production projects are underway, reducing dependence on China remains a significant challenge.

Xurve View
Insights:
FILE PHOTO: The flag of China is placed next to the elements of Gallium and Germanium on a periodic table, in this illustration picture taken on July 6, 2023. REUTERS/Florence Lo/Illustration/File Photo

Western nations face persistent price pain for gallium and germanium three years after China curbed exports of the critical metals. Prices have surged to 9 to 10 times 2023 levels as Western producers scramble to build domestic supply chains. The export curbs on the niche materials have forced manufacturers in the United States and Europe to stockpile supplies and seek alternative designs.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.