The Australian company Metallium MTM.AX announced on Tuesday that its American subsidiary, Flash Metals USA, had signed a 10-year agreement with Indium Corporation for the supply of critical metals recovered during its recycling operations in the United States.
According to the agreement, Flash Metals USA will provide gallium, germanium, copper, tin, gold, and indium to the specialized materials refiner in the United States, with prices set based on a formula schedule, Metallium stated.
The agreement includes automatic five-year renewal periods, unless either party withdraws, the critical minerals explorer disclosed.
Metallium stated that the agreement would not have an immediate financial impact but establishes a commercial framework for future orders from Indium.
Separate discussions are ongoing regarding the supply of raw materials, it added.
Gallium, germanium, and indium are classified as critical minerals and are used in semiconductor applications and advanced electronic technologies.
The agreement underscores the increasing strategic value of essential critical minerals in chip manufacturing and defense, as the United States seeks to reduce its dependence on China, which dominates processing in many of these markets.
Metallium shares rose by 7.1% to 0.60 Australian dollars, marking their biggest one-week increase and outperforming the 0.5% decline in the broader S&P/ASX 200 .AXJO reference index.
