Ribbon Analysis

The main raw material of the ribbon used in solar panels is copper. The world's largest copper producing countries are Chile, China, Peru and the United States, respectively. The ribbons, which are wrapped on reels and offered for consumption, are coated with tin. Ribbons are channels that provide electricity transmission in solar panels due to the conductive property of copper. They are protected against corrosion by coating with tin. These two elements, like all other commodities, find value in the market according to supply, demand and the country's economic policies.

Both commodities have generally increased in value over the past year. Rising energy investments supported the rise of two commodities. Global renewable energy demand growth will continue to support this trend. It is obvious that the use of electric vehicles will increase very rapidly in the coming period, as a planned and supported phenomenon. The increase in the production of electric vehicles will also increase the demand for copper. Electric vehicles will account for 40% of the total growth in copper demand in 2030. Thus, the copper demand from the electric vehicle sector will increase by 2.4 million tons by 2030.

The share of onshore wind power plants in the growth in copper demand will be 1.3 million tons, 20%. Solar technologies, at the heart of the renewable energy transformation, will account for 1.6 million tons of the increase in copper demand in 2030.

Concerns about climate change and environmental impacts, which will be caused by investments to meet the increasing copper demand due to renewable energy technologies, will come to the fore as one of the most important difficulties in establishing the supply-demand balance.

With all these; The economic policies of China and the USA, which have a significant impact on commodity prices, should also be closely monitored.

In summary, ribbon prices will generally tend to increase depending on copper prices in the coming years. Producers will need to closely monitor and evaluate the opportunities that may arise during this period.