NetworkNewsBreaks – First Tellurium Corp. (CSE:
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Posted On: 07/12/2023 4:10:01 PM
NetworkNewsBreaks – First Tellurium Corp. (CSE: FTEL) (OTC: FSTTF) Positioned as US Seeks to Secure Domestic Sources of Critical Metals
First Tellurium (CSE: FTEL) (OTC: FSTTF) today reported that ongoing trade tensions between the U.S. and China create implications for both tellurium and the production of cadmium-tellurium solar cells. According to the update, China produces approximately 60% of the world’s tellurium, most of which goes into cadmium-tellurium solar cells. Beijing has warned that it may ban the export of technology used to make solar panels, an industry for which China controls at least 75% of its global supply chain. With potentially dire repercussions for the West’s drive for solar energy deployment and as the trade war heats up, the U.S. is looking to secure safe, domestic sources of tellurium and many other critical metals to pre-empt potential shortages. “This is precisely why the U.S. Department of Energy (‘DOE’) launched its Cadmium Telluride Accelerator Consortium (‘CTAC’) a year ago,” said Tyrone Docherty, First Tellurium’s president and CEO. “They know the U.S. is vulnerable and has to establish safe and reliable sources of tellurium… We’re the only junior mining company in the world focused on tellurium exploration. With our Klondike high-grade tellurium property in Colorado, and the Deer Horn property in British Columbia with its mix of high-grade gold, silver and tellurium, we’re ahead of the curve in establishing strategic, domestic supplies for solar panel manufacturers like First Solar.”
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First Tellurium (CSE: FTEL) (OTC: FSTTF) today reported that ongoing trade tensions between the U.S. and China create implications for both tellurium and the production of cadmium-tellurium solar cells. According to the update, China produces approximately 60% of the world’s tellurium, most of which goes into cadmium-tellurium solar cells. Beijing has warned that it may ban the export of technology used to make solar panels, an industry for which China controls at least 75% of its global supply chain. With potentially dire repercussions for the West’s drive for solar energy deployment and as the trade war heats up, the U.S. is looking to secure safe, domestic sources of tellurium and many other critical metals to pre-empt potential shortages. “This is precisely why the U.S. Department of Energy (‘DOE’) launched its Cadmium Telluride Accelerator Consortium (‘CTAC’) a year ago,” said Tyrone Docherty, First Tellurium’s president and CEO. “They know the U.S. is vulnerable and has to establish safe and reliable sources of tellurium… We’re the only junior mining company in the world focused on tellurium exploration. With our Klondike high-grade tellurium property in Colorado, and the Deer Horn property in British Columbia with its mix of high-grade gold, silver and tellurium, we’re ahead of the curve in establishing strategic, domestic supplies for solar panel manufacturers like First Solar.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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