Press Release: Insights on Silver Trends in PV Market from SMM Conference
On May 16, the 2025 SMM (6th) Silver Industry Chain Innovation Conference took place, co-hosted by SMM Information & Technology Co., Ltd. and key industry partners, including Ningbo Haoshun Precious Metals Co., Ltd. and Quanda New Materials (Ningbo) Co., Ltd. The conference attracted significant attention, showcasing various organizations and sponsorships from top companies in the precious metals sector.
Miao Cheng, Marketing Manager of Changzhou Fusion New Materials Co., Ltd., delivered a crucial presentation on "Global PV Silver Demand and Technology Trends Outlook." He highlighted a slowdown in installation growth within the photovoltaic (PV) market, analyzing emerging technologies such as PERC, TopCon, HJT, and xBC, while comparing their silver consumption metrics.
Cheng underscored the correlation between global silver production and PV silver paste consumption, referencing fluctuations in SHFE silver prices and global demand-supply dynamics from 2020 to 2025. He projected future demand for PV silver paste, emphasizing the need for cost-reduction strategies in metallization practices.
The discussion also addressed the intricate balance among cost, efficiency, and reliability in PV cell production. Cheng expressed concerns that as silver consumption diminishes, the risk of reliability issues escalates. He proposed solutions, including advanced paste formulations to enhance acetic acid resistance, thus optimizing thermal expansion and minimizing corrosion risks.
Additionally, the conference highlighted innovations such as high-resistance dense grid technology, which promises enhanced efficiency and reliability while reducing specific consumption. The introduction of full-aperture screens has further demonstrated cost-reduction benefits, outlining a future where production is both efficient and sustainable.
The insights shared at the conference reflect ongoing advancements in the silver supply chain within the PV sector, setting a precedent for future developments and collaborations.
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