Rio Tinto holds tender with legacy inventory from Argyle and Diavik mines
Bids came in from 12 regions across Australia, Europe, Japan, Hong Kong, the Middle East, Singapore and North America, Rio said.
The Pentagon holds a strategic stockpile for germanium but currently has no inventory reserves for gallium, a spokesperson said on Thursday after China announced export restrictions on the two metals used in semiconductors.
“The (Defense) Department is proactively taking steps using Defense Production Act Title III authorities to increase domestic mining and processing of critical materials for the microelectronics and space supply chain, including gallium and germanium,” the spokesperson said.
(By Idrees Ali and Rami Ayyub; Editing by Doina Chiacu)
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