Procyon Metals
Metals Documentation
Ge32

Germanium

Metalloid
Last updated: January 2026

Overview

A semiconductor metalloid critical for fiber optics, infrared optics, and solar cells. Germanium's unique optical properties make it irreplaceable in night vision and thermal imaging systems.

Strategic Relevance

Subject to Chinese export controls since 2023. Essential for defense and telecommunications infrastructure.

Applications

01Fiber optics
02Infrared optics
03Solar cells
04Night vision
05PET catalysts

Price History

Historical price trend (USD/kg or USD/tonne)

2019202020212022202320240550110016502200

Physical Properties

Density
5.32 g/cm³
Melting Point
938.3°C
Atomic Number
32
Category
Metalloid

Supply Concentration

  • China93%
  • Belgium4%
  • Other3%

Procyon Indicative Price

Quote on request

Form: Metal · Purity: 99.999%

Indicative level for information only, based on Procyon Metals' trading activity. It is not a firm offer or investment advice. Firm quotes are issued to partner advisers and professional clients according to form, purity and volume.

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Frequently asked questions

What is the price of germanium?

In 2024, the reference price for germanium stood at around 2200 USD/kg, compared with 1850 USD/kg in 2023. Prices vary with purity, form (oxide or metal) and traded volume; the full history is charted above.

How can a client hold physical germanium?

Germanium is held in a specified form (metal, oxide or compound) and purity, backed by a certificate of analysis for the lot. Procyon Metals works through wealth advisers and family offices: it sources from vetted counterparties, documents the lot and arranges transport and storage with a specialist custodian.

Why is germanium a strategic metal?

Subject to Chinese export ban since December 2024. China controls 93% of global supply. Essential for defense and telecommunications infrastructure.

Which countries produce germanium?

Germanium production is highly concentrated: China (93%), Belgium (4%).

How liquid is physical germanium?

Less liquid than listed products: there is no exchange price for germanium that a private holder can trade on. Resale is negotiated with industrial buyers or traders, and the price and timing depend on form, purity, lot size and demand at that moment. It should be treated as a long-horizon holding.