Renewables MMI®: Germany’s SolarWorld Gets $4 million Award from US Government

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Solar PV array

German solar company SolarWorld recently led the charge to punish China and Taiwan with solar tariffs for allegedly dumping cheap, government-subsidized solar cells on the US market. That action has touched off a slugfest among competing interests in the US solar industry. Now, the US Energy Department has awarded a $4 million grant to the company, representing a generous chunk of a new $53 million solar funding package.

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The $4 million SolarWorld award was one of ten awards parceled out under the Energy Department’s “SolarMat” initiative for streamlining and cutting down the cost of manufacturing photovoltaic cells in the US.

Chinese steel plate dropped to CNY 3,310 ($538.93) per metric ton making it the biggest mover on the weekly Renewables MMI® this week, after drifting 4.9%. Neodymium saw a 2.2% decline over the past week to CNY 357,000 ($58,127) per metric ton. Chinese cobalt cathodes remained essentially flat from the previous week at CNY 231,000 ($37,611) per metric ton. At CNY 13,900 ($2,263) per metric ton, the price of silicon did not change since the previous week.

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Following a steady week, prices for Japanese steel plate closed flat at JPY 76,000 ($698.05) per metric ton. At KRW 900,000 ($841.99) per metric ton, the week finished with no movement for Korean steel plate. The past week saw Chinese steel plate close at CNY 3,310 ($538.93) per metric ton after a 4.9% decline. US steel plate prices held steady from the previous week at $865.00 per short ton.

US grain-oriented electrical steel (GOES) was unchanged at $2,978 per metric ton.

The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends. For more information on the Renewables MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

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