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The soaring price of a key metal could halt new solar projects around the world.
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Commodity prices have cooled recently, although inflation continues to soar to 40-year highs, one critical metal is heading in the opposite direction—polysilicon.
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The price of a special conductive metal important for solar panel production rose 2.3 percent on Wednesday at $38.05 a kilogram. Since January 2021, polysilicon prices have risen more than 190% to their highest level in a decade.
According to a research report released on Wednesday from Solarbe, China's solar industry analysis company.As a result, solar contract prices from large projects rose more than 25 percent from a year ago, Reuters reported on Thursday.
Solarbe analysts argue that if polysilicon price hikes continue, It may make major solar projects around the world unsuccessful. and slows down the use of clean energy
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