International gallium prices have nearly tripled in two years, reaching a historic high, with hundreds of millions invested to seek supply chain independence

Over the past two years, the international benchmark price of low-purity gallium in Rotterdam has nearly tripled. Data shows that the average price in January this year reached a historic high of approximately 1,572 per kilogram. Gallium is widely used in global technology and military sectors, and China accounts for more than 90% of the world's primary production, holding an almost absolute dominant position. To reduce dependence on imports, the government has invested hundreds of millions in relevant domestic and foreign factories in recent months, aiming to reshape the global supply chain through a "gallium mining" strategy that combines local construction, cross-border cooperation, and recycling. It is predicted that by 2030, global demand for gallium will increase by about 24%.