TOKYO -- Gallium prices are surging after China said it would start requiring permits to export the key metal and other chipmaking materials in August, signaling a potentially significant impact on the industry.
The benchmark price for gallium in the U.S. and European markets reached $332.50 per kilogram on July 20, according to U.K.-based Argus Media -- up 18% from the end of June, before China made its announcement on July 3.
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