Fraser Institute projects tellurium requirements could increase 800% by 2030.

Vancouver, BC, Canada, Dec 6, 2023 – First Tellurium Corp. (CSE: FTEL, OTC: FSTTF), reports that recent reports from The Financial Times of London and Canada’s Fraser Institute highlight rapidly-growing supply issues around critical metals, especially tellurium. The Fraser Institute, predicting “exponential growth” in demand for electric vehicle batteries, forecast that supply requirements for tellurium could increase by over 800% by 2030

in a December 1, 2023 article, the Financial Times reported on the Biden administration’s new restrictions on Chinese-made battery components for electric vehicles. Beginning January 1, 2024, no US-manufactured EVs that include Chinese-made battery components will be eligible for the full subsidies offered under President Biden’s $369-billion Inflation Reduction Act.

John Podesta, Biden’s top clean energy advisor, stated, “With this guidance and the clarity that it will provide, we’re ensuring that the US electric vehicle future will be made in America.”



The rules will force EV and battery manufacturers to source far more critical metals from domestic sources. China currently accounts for almost two-thirds of the world’s lithium processing capacity, 75% of its cobalt capacity, and nearly 60% of its tellurium processing capacity.

“The new rules open up significant opportunities for us,” said First Tellurium President and CEO Tyrone Docherty. “Revolutionary new EV batteries, using domestically sourced tellurium, could greatly increase the need to source tellurium from Canada and the U.S. Add this to the forty percent of global tellurium already used by the solar industry, a figure that’s expected to grow significantly according to S&P Global, and you can see how the supply crunch is adding up.”

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https://firsttellurium.com/first-tellurium-reports-on-two-major-publications-highlighting-supply-issues-for-tellurium-and-other-critical-metals/