2 Mining Stocks to Play the Mining Shortage
2026-04-25 17:05:00 ET
China controls roughly 99% of the world's primary low-purity gallium production and has put limits on its export since 2023. The metal, crucial for high-end semiconductors, is mainly a byproduct of aluminum (bauxite) and zinc refining. While raw bauxite isn't hard to come by outside of China, there are few places outside of that country that have invested in the expensive process to extract gallium.
This month, prices for gallium are roughly $2,269 per kilogram -- a 141% increase since the start of 2025. This has been compounded by conflict in the Middle East, which disrupted aluminum production (and thus gallium recovery) in places such as Qatar. That has led companies and governments to seek other sources of the metal.
Two mining stocks that could benefit from that trend are Alcoa (NYSE: AA) and Teck Resources (NYSE: TECK) . Here are reasons to buy each stock.
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