Solar panel prices set to soar

Solar panel prices set to soar
Solar panel prices set to soar

The global solar energy market faces a potential shortage of key materials following China's decision to introduce export restrictions. 

According to news published in pv magazine, the country's Ministry of Commerce and General Administration of Customs announced new controls on the export of strategically important minerals.

The restrictions cover elements such as tungsten, tellurium, bismuth, molybdenum and indium, which are widely used in the production of solar panels. Their export is now only possible with a special permit, issued in accordance with China's Export Control Law and Foreign Trade Law.

Official statements say these measures are aimed at protecting national security, preserving strategic resources and fulfilling international non-proliferation obligations. However, analysts believe this move could seriously impact the solar energy market, causing shortages and rising prices for panels.

The situation could become particularly acute due to cadmium telluride, a key material for thin-film solar cells. According to research by Dongguan Securities, China produced approximately 750 metric tonnes of refined tellurium in 2024, accounting for nearly 77% of global production. If Beijing continues to restrict supplies, this could significantly alter the balance in the renewable energy industry.

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