Gallium Prices

Gallium Prices December 2023

The China gallium price for Q4 2023 in December was 415169 USD/MT.

Gallium Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Gallium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of gallium pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of gallium at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of gallium price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing gallium price fluctuations, such as supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Gallium Market Analysis

The global gallium market size reached 610 Tons in 2023. By 2032, IMARC Group expects the market to reach 891.02 Tons, at a projected CAGR of 4.30% during 2023-2032.

• The wide utilization of gallium in electronics, including its use in thermoelectric coolers, integrated circuits, and solar cells, and its increased use in semiconductors, particularly in the Asia-Pacific region is driving the growth of the market. The continuous growth in smartphones and other consumer electronics technologies and LED lighting systems increases the demand for integrated circuits with high efficiency that involve the use of gallium.
• The growing deployment of fifth-generation or 5G networks across the globe has resulted in increasing demand for gallium nitride (GaN) based components that are renowned for efficiency and high frequency use. GaN transistors are essential in 5G networks offering higher power capabilities, which plays a significant role in the power consumption required by 5G technologies.
• CIGS cells are recognized as the vital photovoltaic technology where gallium has the most important significance. These cells are highly efficient and flexible compared to their counterparts made from silicon that is a conventional material to make solar cells from. As the world shifts towards the utilization of renewable energy sources, the usage of CIGS thin-film solar cells is expected to rise, thereby propelling the market for gallium.
• Gallium is mostly obtained as a co-product of aluminium and zinc processing, with China being the main producer. Several times political instabilities and trade regulations intervened in gallium supply chains and resulted in rather high prices and active search for stable sources or new recycling technologies among manufacturers.
• Constant research on the new alloys as well as compounds of gallium is extending its uses across other industries. The introduction of gallium based alloys in medical fields including radiopharmaceuticals and thermometers is a market development that has the potential of increasing the market size.
• The increasing environmental regulations globally could affect the mining and processing of gallium. Regulations aimed at reducing chemical emissions and improving mining practices may increase production costs but also push innovation in more sustainable extraction and processing techniques.
• Gallium's compatibility with other advanced materials, including graphene and silicon carbide is being explored for next-generation electronics and energy applications. This integration could lead to breakthroughs in high-speed electronics, efficient power devices, and even quantum computing.
• Significant investments in research and development from both public and private sectors are fostering innovation in gallium applications. This trend is particularly notable in the semiconductor industry, where gallium’s properties are leveraged to develop ultra-fast, high-capacity computing components.

Gallium News

The report covers the latest developments, updates, and trends impacting the global gallium market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the gallium price trend.

Latest developments in the gallium industry:

• On 19^th January 2023, Indium corporation announced strategic partnership with ABIC Kemi AB, Lindberg & Lund OY AB. ABIC Kemi AB will serve indium corporation’s solder paste, wire, flux, and engineered solder materials markets in Sweden and Denmark; Lindberg & Lund OY AB will serve these markets in Finland.
• On 20^th January 2023, PopID, a fintech biometrics company, and Toshiba Global Commerce Solutions (GCS), a retail’s first choice for unified commerce solutions, have announced a partnership for the integration of PopPay into Toshiba’s front-end point-of-sale and self-service solutions running its ELERA commerce platform.

Product Description 

Gallium is a chemical element that is the employed mainly in the electronics industry to produce semiconductors based on gallium arsenide (GaAs) and gallium nitride (GaN) for integrated circuits and light-emitting diode (LED) technology. These compounds are prized for their enhanced electronical and optical application, including speed and frequency, they are used in telecommunications and radar.

Also, it is used in the electrical and optics industry such as in the solar panels, medical applications such as in thermometers and has potential hormones or imaging agents in medicines. 

The metal exists primarily in two forms, including both in its natural form and in its different compounds, such as each one depends on the advantage offered in the industrial and in the medical field. Due to the flexibility and superior performance of this metal, gallium possesses critical importance to the use of innovative accomplishments where it is difficult to find a substitute material.

Regional Coverage

The report provides a detailed analysis of the gallium market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the gallium price trend.

Global Gallium Price

The report offers a holistic view of the global gallium pricing trends in the form of gallium price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of gallium but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed gallium demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Gallium Price

Europe's gallium pricing trends are deeply affected by its stringent environmental regulations and the push towards sustainable and recycled materials. The automotive and aerospace industries in Europe, which demand high-quality specialty metals, further complicate the pricing landscape. Energy costs and the availability of renewable energy sources also significantly influence gallium production costs. Additionally, the region's dependency on gallium imports, coupled with fluctuating currency values, adds another layer of complexity to understanding price trends in this market.

Detailed price information for gallium can also be provided for an extensive list of European countries.

North America Gallium Price

In North America, gallium prices are closely tied to technological advancements in extraction and processing techniques, which aim to reduce costs and enhance efficiency. The region's emphasis on defense and technology sectors, which require precise and high-grade metals, drives demand variability. Furthermore, trade policies, particularly those involving major trade partners like Canada and Mexico, heavily influence gallium supply chains and pricing structures. The shift towards green energy and electric vehicles in North America also affects demand patterns for metals.

Specific gallium historical data within the United States and Canada can also be provided.

Middle East and Africa Gallium Price

The gallium pricing trends in the Middle East and Africa are increasingly impacted by infrastructural developments and investments in the construction and transportation sectors. The region’s political climate and its effect on operational stability and security are also crucial in determining price trends. Additionally, the Middle East's strategic initiatives to diversify away from oil dependency and invest in mining and metal production capabilities are reshaping its market dynamics. In Africa, the availability of resources combined with foreign investment in mining projects heavily influences local and global gallium supply and prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Gallium Price

In the Asia Pacific region, gallium pricing dynamics are significantly influenced by robust industrial growth and expanding manufacturing sectors, particularly in China and India. The region's high demand for metals is driven by its active construction industry and increasing investments in infrastructure projects. However, supply disruptions due to geopolitical tensions and regulatory changes in mining practices also play a critical role in shaping price fluctuations. Additionally, trade policies and import-export tariffs continue to impact the cost structures and availability of gallium, making the Asia Pacific market a complex environment for price trend analysis.

This gallium price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Gallium Price

Latin America's gallium market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in gallium prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, economic fluctuations and currency devaluation are critical factors that need to be considered when analyzing gallium pricing trends in this region.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of gallium pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
• The study examines factors affecting gallium price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The gallium price charts ensure our clients remain at the forefront of the industry.