Silver-saving efforts ramping up in solar industry, says Heraeus

Rising silver prices are putting pressure on solar manufacturers, prompting greater focus on copper and other alternatives to reduce costs. Heraeus says it expects silver demand from photovoltaics to decline this year despite stable global installations.Rising silver prices are causing concern across much of the solar industry. In a recent report, Heraeus said that despite some recent declines, silver remains 187% higher than at the start of 2025. Silver paste accounts for up to 30% of total solar cell costs, creating a difficult environment for manufacturers already facing overcapacity, falling ...

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