Description: Soaring silver prices are hampering the solar industryÃ¢â‚¬â„¢s ability to compete with fossil fuels. Panel makers consume about 11 percent of the worldÃ¢â‚¬â„¢s supply of silver, the material in solar cells that conducts electricity. The metal has appreciated 74 percent to $35.30 a troy ounce on average so far this year from $20.24 last year.
Questions for discussion:
- What are the challenges facing producers?
- How are they responding?
- Why have silver prices risen?
- How is this good and bad for silver mines?