RE: Geranium Export Ban by China....4 Dec 2024 12:25
Molaoi is a developing project to help Europe meet its ambitions for a domestic supply of critical raw materials, including the geologically rare mineral, germanium.
David Price, Chief Executive Officer of Rockfire, commented:
"This is huge news for Rockfire and the Molaoi project in Greece. With the banning of exports of germanium from China, this is likely to put drastic pressure on supply chains globally. Up until a few days ago, China supplied more than 60% of the world's germanium raw product. This ban may well impact prices, potentially increasing the price of germanium well beyond its current price of US$ 4,073/kg (US$ 4.06 million/tonne