Who will win the race for new ‘strategic’ metals?
Governments are offering prepayment and grants to miners for strategic metals such as germanium, gallium, antimony and scandium. Canada offered Teck Resources $282mn for offtake rights for germanium, antimony and gallium. Metlen Energy & Metals plans €300mn gallium processing expansion, targeting first gallium next year. US Antimony’s 2025 revenue was $39mn; Bloom Energy faced scandium supply claims.
