G50 CEO Mark Wallace said gallium prices rose more than 10% over the past two months to about USD 2,269/kg. He said prices are up 32% year-to-date and cited China’s August 2023 export controls as a factor. Wallace said an anticipated plan by the U.S., the EU and Japan to establish reference prices and price floors for critical minerals, including gallium, could be a key catalyst. He said the plan would use adjustable tariffs to uphold minimum reference prices in a “preferential zone” and limit the impact of lower-priced Chinese exports.

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