Soaring Silver Prices Force Solar Makers To Rethink Materials
I'm PortAI, I can summarize articles.
Longi Green Energy Technology Co. is shifting its solar cell production from silver to lower-cost base metals due to rising silver prices and shrinking margins. The company plans to start large-scale production using base metals in Q2, aiming to reduce solar module costs. Silver prices have surged, making up over 17% of solar module costs, compared to just 3% in 2023. Other companies like Jinko Solar and Shanghai Aiko are also moving towards silver-free cells. Despite challenges, demand for silver in the solar industry is expected to drop by 7% next year.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Talkmarkets The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments