Posted 3/16/2024, 2:30:06 AM
Solar Boom Drives Record High Prices for Key Ingredient Silica Sand
- Demand for high-purity silica sand used in solar panels and electronics is soaring as China boosts green manufacturing
- Prices have nearly doubled in 5 years and are near record highs, but the market is opaque and fragmented
- Tight regulations and environmental concerns limit supply in Asia and North America
- Australia and Brazil may benefit from demand boom due to plentiful reserves away from settlements
- Prices could eventually fall as new supplies come online, but the wait will be uncomfortable for manufacturers