First Solar (FSLR) is terrified that they will face a tellurium shortage in early 2023 when they open their new Ohio CdTe solar cell production plant!
FSLR issued the following warning in its latest SEC filing, "A disruption in our supply chain for CdTe could interrupt or impair our ability to manufacture solar modules and could adversely impact our profitability and long-term growth prospects. A key raw material used in our module production process is a CdTe compound. Tellurium, one of the main components of CdTe, is mainly produced as a by-product of copper refining, and therefore, its supply is largely dependent upon demand for copper. If our competitors begin to use or increase their demand for tellurium, our requirements for tellurium increase, new applications for tellurium become available, or adverse trade laws or policies restrict our ability to obtain tellurium from foreign vendors or make doing so cost prohibitive, the supply of tellurium and related CdTe compounds could be reduced and prices could increase."
It is essential for FSLR to secure new domestic supplies of tellurium before year-end 2022!
Originally, FSLR planned to produce its own domestic supplies of tellurium and went on a hunt across North America searching for the highest quality tellurium deposits!
FSLR's biggest two tellurium discoveries are now controlled by First Tellurium (CSE: FTEL).
FTEL could become NIA's #1 biggest winner of 2022/2023 outside of the gold sector!
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