Australia Gets New Plant for Rare Metal, Backed by U.S. and Japan

Aluminum giant Alcoa has approved the construction of a new gallium plant in Australia, a project supported by financial backing from the United States and Japan. Gallium is a rare metal used in advanced electronics, including semiconductors and military equipment. The plant aims to reduce global reliance on China, which currently dominates gallium production. Alcoa’s decision marks a strategic move to secure a stable supply chain for this critical material. Construction is expected to begin soon, with operations planned to start within the next few years.