Xin Lang Cai Jing·2026-01-19 18:12Core Viewpoint - The surge in silver prices is significantly impacting the photovoltaic (PV) industry, leading to increased operational pressures and projected losses for major companies in the sector [1][2]. Group 1: Silver Price Impact - International silver prices have recently surpassed $94 per ounce, contributing to heightened costs for PV companies already facing two years of losses [1]. - The cost of silver has increased over threefold in the past year, now accounting for 29% of the total cost of solar panels, compared to 3.4% in 2023 and 14% last year [2]. Group 2: Company Performance Forecasts - Tongwei Co. anticipates a net loss of approximately 9 billion to 10 billion yuan for 2025, citing rising silver prices and declining product prices as key factors [1]. - TCL Zhonghuan, a leading PV silicon wafer manufacturer, expects a net loss between 8.2 billion to 9.6 billion yuan, attributing this to ongoing supply-demand imbalances despite growth in new installations [2]. - Longi Green Energy forecasts a net loss of 6 billion to 6.5 billion yuan for 2025, with significant cost increases in silver paste and silicon materials further straining operations [2]. Group 3: Industry Response - Some component manufacturers have raised prices to reflect the increased costs of silver, while the industry is also exploring technological adjustments to mitigate these pressures [2]. - Longi Green Energy has completed pilot tests for replacing silver paste with cheaper materials and is beginning large-scale production of these alternatives [2].