China’s germanium, gallium ban could cost the US $3.4 billion
According to the USGS, gallium prices could increase by more than 150% and germanium prices by 26% in the event of a total ban.
Aluminum Corporation of China (Chinalco) has taken a 45 percent majority stake in a rare earth joint venture in Jiangsu province, boosting such assets, which is part the firm’s strategic development plan, a company spokesman said on Friday.
But Chinalco, which is China’s top aluminium producer and the parent of Hong Kong- and Shanghai-listed Chalco, has no immediate plans to inject the rare earth assets into the listed aluminium arm , Chinalco spokesman Yuan Li said.
