Post by jeffolie on Dec 15, 2011 12:52:57 GMT -6
[from: Casey's Daily Dispatch and Ed Steer's Gold & Silver Daily]
Slumping solar prices rub the shine off silver
The solar industry's rapidly growing demand for silver could hit a wall next year, as the rising price of the precious metal forces solar cell makers to cut use of the metal in their battle against overcapacity and a near halving of product prices.
Silver consumption by solar panel makers nearly doubled in 2010, exceeding growth in all other industrial applications and capturing the attention of silver bugs. But the curve has flattened this year, and looks likely to head south in 2012.
Overcapacity in the solar industry ranges up to 10 gigawatt, or two thirds of 2010's production, and will continue to outstrip weak global demand, which analysts expect to grow just 6 percent in 2012.
I'm not expert in this area, so I don't know how much truth there is in this Reuters story that was filed from Singapore and Hong Kong yesterday, but I thought it was worth posting nonetheless. I thank reader Elliot Simon for bringing it to my attention...and the link Slumping solar prices rub the shine off silver
The solar industry's rapidly growing demand for silver could hit a wall next year, as the rising price of the precious metal forces solar cell makers to cut use of the metal in their battle against overcapacity and a near halving of product prices.
Silver consumption by solar panel makers nearly doubled in 2010, exceeding growth in all other industrial applications and capturing the attention of silver bugs. But the curve has flattened this year, and looks likely to head south in 2012.
Overcapacity in the solar industry ranges up to 10 gigawatt, or two thirds of 2010's production, and will continue to outstrip weak global demand, which analysts expect to grow just 6 percent in 2012.
I'm not expert in this area, so I don't know how much truth there is in this Reuters story that was filed from Singapore and Hong Kong yesterday, but I thought it was worth posting nonetheless. I thank reader Elliot Simon for bringing it to my attention...and the link uk.reuters.com/article/2011/12/14/uk-solar-silver-idUKLNE7BD01G20111214
Slumping solar prices rub the shine off silver
The solar industry's rapidly growing demand for silver could hit a wall next year, as the rising price of the precious metal forces solar cell makers to cut use of the metal in their battle against overcapacity and a near halving of product prices.
Silver consumption by solar panel makers nearly doubled in 2010, exceeding growth in all other industrial applications and capturing the attention of silver bugs. But the curve has flattened this year, and looks likely to head south in 2012.
Overcapacity in the solar industry ranges up to 10 gigawatt, or two thirds of 2010's production, and will continue to outstrip weak global demand, which analysts expect to grow just 6 percent in 2012.
I'm not expert in this area, so I don't know how much truth there is in this Reuters story that was filed from Singapore and Hong Kong yesterday, but I thought it was worth posting nonetheless. I thank reader Elliot Simon for bringing it to my attention...and the link Slumping solar prices rub the shine off silver
The solar industry's rapidly growing demand for silver could hit a wall next year, as the rising price of the precious metal forces solar cell makers to cut use of the metal in their battle against overcapacity and a near halving of product prices.
Silver consumption by solar panel makers nearly doubled in 2010, exceeding growth in all other industrial applications and capturing the attention of silver bugs. But the curve has flattened this year, and looks likely to head south in 2012.
Overcapacity in the solar industry ranges up to 10 gigawatt, or two thirds of 2010's production, and will continue to outstrip weak global demand, which analysts expect to grow just 6 percent in 2012.
I'm not expert in this area, so I don't know how much truth there is in this Reuters story that was filed from Singapore and Hong Kong yesterday, but I thought it was worth posting nonetheless. I thank reader Elliot Simon for bringing it to my attention...and the link uk.reuters.com/article/2011/12/14/uk-solar-silver-idUKLNE7BD01G20111214