Yes mostly. The West outsourced this market due to heavy environmental and financial costs of extracting it. It’s sort of the same story as for a lot of the rare earth elements.
https://payneinstitute.mines.edu/strategic-intervention-to-r...
> China produces approximately 98% of the global gallium supply and 88% of the global germanium supply; dominance has been fueled by government intervention. Beijing mandated its rapidly expanding aluminum producers to install the capacity to extract gallium. Between 2005 and 2015, China’s production of low-purity gallium surged from 22 metric tons to 444 metric tons, a nearly 2000 percent increase. This move flooded the market and forced producers in the United Kingdom, Germany, Hungary, and Kazakhstan to shutter their operations.