Gallium Price Today & Historical 2024 Forecast Where to Buy

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.

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 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.

  1. Regulations governing cryptocurrencies vary by jurisdiction and may change over time, which could impact the legality and use of cryptocurrencies.
  2. Last year’s price increase was caused by China effectively banning the export of this strategic metal to the West in August 2023 (more on this in the forecast section below).
  3. The analysis / stats on are for informational purposes and should not be considered investment advice.

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%.

Price performance

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.

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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.

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.

By understanding how the supply and demand of this rare metal work, we can better understand where gallium prices are headed. The page is just one in 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.

Galactrum Price Summaries

Gallium nitride (GaN) is another important compound of gallium that has applications in light-emitting diodes (LEDs), laser diodes, power amplifiers, and solar cells. Solid gallium alloys are used in optics, electronics, and nuclear engineering because of their non-toxicity and resistance to neutron radiation and beta decay. Gallium is a soft, silvery metal, and Elemental gallium is a liquid at temperatures greater than 29.76C (85.57F) (slightly above room temperature).

With China so heavily controlling production (95%), there are growing concerns about how US and EU based companies will gain access to gallium in the coming years. To check Galactrum’s price live in the fiat currency of your choice, you can use’s converter feature in the top-right corner of this page. If you are new to crypto, use the University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. Regulations governing cryptocurrencies vary by jurisdiction and may change over time, which could impact the legality and use of cryptocurrencies. Create a free account to gain access to news, analysis, and real-time alerts on the stocks you follow.

Gallium Historical Price Movement

As China dominates the production of gallium, geopolitical events and export quotas also impact gallium supply. Please note that the price provided is the retail price for private investors and is aligned with industry retail pricing. For bulk purchases, whether investment or industry, please contact us directly for a quotation. In addition to its use in 5G base station chipsets, gallium nitride is used in military radar, lasers, and satellites. This makes it one of 35 elements the US government, alongside Europe, calls a national security concern.

Last year’s price increase was caused by China effectively banning the export of this strategic metal to the West in August 2023 (more on this in the forecast section below). The price of gallium galactrum price has been volatile in recent years due to fluctuations in supply and demand. In 2020, the cost of gallium surged due to a shortage of bauxite, the primary raw material used to produce gallium.

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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.

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