RE: Forecast Price?27 Dec 2024 19:31
Highlights?? USA had 2 weeks supply OF Gallium/Germanium in Sept 2024, say Analyst`s.
China has an advantage because the Mining is done by Slave Labour.
Most Analysts originally said the cost to GDP was $3.4 Bn This updated version says $8.2 Bn
Finally; Look at the Date and the Author. Panic Station`s from where I sit.
Utah
China banned sale of these minerals to the U.S. It matters to all of us
Announced ban will likely impact production of disc brakes, armor-piercing bullets, protective coatings
Published: Dec 25, 2024, 3:31 p.m. MST
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A gold and antimony rich rock specimen from Bombana, Indonesia. The specimen shows ore mined by artisanal miners, which is rich in gold and antimony. Mangiwau, Getty Images
Amy Joi O'Donoghue
By Amy Joi O'Donoghue
Amy Joi has worked at the Deseret News for 25 years and for 14 years has devoted her coverage to the environment, agriculture and energy issues facing the West.
KEY POINTS
China has blocked the sale of gallium, germanium, antimony, and super-hard minerals to the United States in response to the Biden administration’s efforts to block sales of advanced chips to China.
China is the world’s largest source of these critical minerals used in commerce and national defense applications.
Much of the U.S. shortfall is not due to a scarcity of such minerals, but rather, government regulations that make it increasingly difficult to mine them.
This is another example of an unhealthy codependent relationship in which walking away is hard, if not downright, difficult.
In this case, it is the United States that is grappling with the sudden announcement that China would no long export to this country vital elements that include gallium, germanium, antimony and other super hard materials.
They are dual use products. Several of them are used in the manufacture of advanced superconductors and in military applications — such as armored piercing rounds and military explosives.
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While Utah boasts the first mine in the world to harvest gallium and germanium, the Apex Mine in Washington County operated intermittently from 1884 to 1962, reopened and is now idled.
The Utah Geological Survey says none of these banned materials are mined in Utah. In fact, China remains the largest source of these vital elements. China currently provides 54% of the U.S.’s germanium needs, a key component in infrared technology and fiber optics. Gallium, used in semiconductors, has not been mined in the U.S. since 1987. The U.S. Geological Survey said it is believed that the vast majority of gallium is used in smartphones and other computer devices, while more than half the germanium is used in infrared optics and fiber optics.
Why the ban?
The Institute for Energy Research says it is simple.
The Biden-Harris administration expanded its curbs on technology to China by prohibiting the sale of certain types of chips and machinery and adding 140 Chines