Nyrstar considers potential germanium and gallium projects (updated)

Nyrstar NV

04/07/2023 14:53

(Adds quotes from paragraph 3)
       LONDON, July 4 (Reuters) - Nyrstar is looking at
germanium and gallium projects in Australia, Europe and the
United States, the company said on Tuesday, which could help
ease any shortages created by China's export controls on the
materials used for computer chips. 
    China has announced export restrictions on some gallium and
germanium products, citing national security interests. The
metals are used in computer chips and other products.  
    "Nyrstar is currently in the process of identifying a number
of potential projects in Australia, Europe and the US,"
Netherlands-based Nyrstar, majority owned by trading and
logistics company Trafigura, told Reuters via email.
    The company said it is aiming to add additional critical and
strategic raw materials, "including Germanium and Gallium, to
its product portfolio in order to support local as well as
regional needs".
    

 (Reporting by Pratima Desai
Editing by David Goodman and Emma Rumney)
 ((pratima.desai@thomsonreuters.com; +44 207 513 5681;))