Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. As a result of the price increase, many companies that use gallium https://cryptolisting.org/ had to cut back on production or find alternative sources of supply. The price increases were a major factor in the slowdown of the global economy in 2020.

To add insult to injury, China made good on their “export ban” threats when they stopped exporting gallium (and germanium) to the US, Europe, and Japan in August 2023. This is believed to be a clear reaction to the US’s ban on shipping advanced semiconductor manufacturing equipment into China. The gallium price  increased over 20% in the months following China’s export ban. The demand for gallium is driven by the need for the final products that use this strategic metal. As noted above, gallium has various vital uses, such as in solar panels, computer chips, and TVs.

  1. By understanding how the supply and demand of this rare metal work, we can better understand where gallium prices are headed.
  2. It took them a generation to become the dominant market leader in gallium.
  3. Any discerning investors who want to benefit from future gallium price raises by buying and owning some gallium can do this through us, Strategic Metals Invest.
  4. An overview showing the statistics of Galactrum, such as the base and quote currency, the rank, and trading volume.
  5. The price of gallium has been volatile in recent years due to fluctuations in supply and demand.
  6. In the meantime, we in the West must wait in line for what China will export after they have satisfied their domestic quotas.

In metals, supply and demand is always in charge, and the price of Gallium is determined purely by the market. Since 2017, DigitalCoinPrice has become one of the trusted brands within the crypto community. This success award goes to the combination of people, accurate crypto market analysis and data, the latest news, latest blogs, advertisement placements, and many more.

Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold.

Don’t hesitate to contact us for more info or to talk to one of our strategic metals experts. It took them a generation to become the dominant market leader in gallium. While the US, EU, and other nations are now taking action to wean dependence off China, creating sustainable new supply sources will take 10 to 15 years. The high scarcity of gallium is a crucial factor that determines the asking price.

This is used in semiconductor fabrication, one of gallium’s most important uses. It provides a critical component in multiple steps of the manufacturing process for computer chips and other electronic devices. At today’s price of $755.80 per kg, gallium changed 0.00% since Jan 1st 2024, and +17.95% since the start of last year. It is up +78.80% compared to its price of $422.70 per kg on Jan 1st 2021 and increased +153.45% since Jan 1st 2020 (in comparison, the S&P 500 is up +48.88% over the same period). If we go back to Jan 1st 2018, when the cost of gallium was $274.37 per kg, then the increase is +175.47%.

The current price of Gallium is $755.80 per kg.

Galactrum’s price today is US$1.49, with a 24-hour trading volume of $N/A. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. An overview showing the statistics of Galactrum, such as the base and quote currency, the rank, and trading volume.

Galactrum Price Today

More importantly, it’ll take a decade at least to foster the engineering expertise and human capital needed. Since the late 1980s, the human capital and engineering expertise has been depleted, particularly in the US. For context, China has 39 universities graduating with degrees in critical minerals, and the US has only a handful. China has been graduating 200 metallurgists a week every week for the past 30 years, while the US has maybe 200 a year. The industry estimates are that China has 400,000 people working in Rare Earths and technology metals, and the US has 400. As the semiconductor industry shifts from silicon to gallium, China and its chipmaker Huawei are preparing to take the lead position.

Galactrum Price Chart (USD)

The shortage was caused by a combination of the Covid-19 pandemic and delays in mining operations and inspections in China, the world’s largest producer of gallium. No industry buyer will entertain a seller without a full chain of custody, analysis reports, purity levels, and proper storage facilities. Only because we are an industry supplier can we guarantee the fast and safe liquidation of the strategic metals of our investors.

How to Buy Gallium

They aim to dominate the market in products made with gallium-based chips for years to come. Huawei has already filed for 2,000 patents related to gallium, which is more than any other company. In addition, gallium is used in alloys with other metals such as aluminum, copper, and tin to create gallium arsenide (GaAs).

By understanding how the supply and demand of this rare metal work, we can better understand where gallium prices are headed. The Galactrum price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. Corporate buyers such as LG, Nokia, Qualcomm, and Sony use well-established metal dealers to purchase industry-grade gallium. Reputable metals dealers, such as ourselves, act as key intermediaries between the high-tech industries and the producers of the critical raw materials for these industries. Without question, it will take Europe, the US, and other countries a generation to catch up, if they do at all. In the meantime, we in the West must wait in line for what China will export after they have satisfied their domestic quotas.

For further context let’s look at Austria, a population of 9 million, one of the smaller countries in Europe. Investors should conduct their own research and analysis before making any investment galactrum price decisions. You should also be aware of the potential for loss, and only invest what you can afford to lose. If you are planning to trade crypto, please consult a financial adviser.