Despite stagnancy in tellurium prices and market demand, production of the metal is set to grow as long-term production dries up.
Deer Horn Metals' recently released preliminary economic assessment for its Deer Horn property anticipates that the project will produce 74,000 metric tons per year over a 14-year mine life.
China’s installed solar capacity is set to increase by 50 percent in 2013, but prices of the tellurium that will be used in panels are expected to continue slumping.
A brief overview of tellurium price developments, supply and demand and significant market movers.
Deer Horn Metals Inc. (TSXV:DHM) terminated Venture Liquidity Provider Inc.'s contract, who were hired to help maintain an orderly trading market for the common shares of the company.
Deer Horn Metals Inc. (TSXV:DHM) earned its initial 50% interest in the Deer Horn Property, and the Company can earn an additional 25% by taking the property to commercial production.
Deer Horn Metals Inc. (TSXV:DHM) held its Annual General Meeting on April 16, 2013 and all resolutions were approved.
Deer Horn Metals Inc.(TSXV:DHM) announced that it has received regulatory approval to retain the services of Venture Liquidity Providers Inc. VLP provides assistance to the Company in the maintenance of its common shares.
Minor Metals reported that according to Stephane Maroni, managing director of 5N Plus, the price of tellurium will stay in the $100-150 per kg range this year.
MENAFN reported that Tombstone Exploration Corp. (PINK:TMBXF), which has a large number of mineralization including tellurium, has announced that it is still listed on the Berlin Stock Exchange Open Market. Its announcement came a few days after it was de-listed in the Frankfurt Stock Exchange.
Seeking Alpha reported the conference call transcript with II-VI (NASDAQ:IIVI) announcing its earnings for the first fiscal quarter of 2013.
Optics.com reported II-VI (NASDAQ:IIVI) reported sales of $534.6 million for its fiscal year ending June 30.