A weaker-than-expected April has pushed tellurium prices to their lowest point in more than eight months as the solar and appliance industries see slow sales. However, rising cell efficiencies should provide some light at the end of the tunnel.
A brief overview of tellurium price developments, supply and demand, and significant market movers.
Despite a dismal year for solar panel retailers and manufacturers, cadmium telluride solar panels are still the best option when the economic picture begins to brighten.
Tellurium is one of earth's rarest elements, and while it is more abundant than gold, tellurium is produced in smaller quantities.
Mining Journal reported on minor metals trading in the first quarter of 2012 noting tellurium is down.
Seeking Alpha reported First Solar (NASDAQ:FSLR) is a strong investment for 2012 with its use of cadmium-telluride for solar panels.
Deer Horn Metals Inc.(TSXV:DHM) announced that it has cancelled its Memorandum of Understanding with World Industrial Minerals. The Company also announced a new non-brokered private placement for gross proceeds of up to $700,000.
Deer Horn Metals Inc.(TSXV:DHM) announced a follow up to its April 11th news release. The Company provided updates regarding its Deer Horn property and an updated NI 43-101 resource. Deer Horn plan to carry out infill drilling and to extend the deposit at the property.
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