The Global Tellurium Ingot Market was valued at US$ 400 Million in 2025 and is projected to reach US$ 620 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2034). This robust growth is being propelled by the increasing demand for cadmium telluride (CdTe) in thin-film solar panels, the expansion of the thermoelectric industry, and the critical role tellurium plays in advanced alloys for electronics and metallurgy.

As global industries pivot towards sustainable energy and advanced manufacturing, the focus intensifies on the specialized producers who secure the supply of this critical raw material. In this blog, we profile the Top 10 Companies in the Tellurium Ingot Industry—a group of global suppliers and regional leaders shaping the future of high-tech material supply chains.

---

🔟 1. LAN FONG HANG CO.,LTD

Headquarters: Hong Kong
Key Offering: High-Purity Tellurium Ingots (99.99%, 99.999%)

LAN FONG HANG is a prominent global supplier of non-ferrous metals, with a strong foothold in the tellurium market. The company provides high-purity tellurium ingots essential for semiconductor manufacturing, solar cell production, and thermoelectric applications, serving clients across Asia, Europe, and North America.

Strategic Initiatives:

• Focus on supply chain reliability for critical raw materials

• Investment in refining processes to achieve higher purity grades

• Strong logistics network for global distribution

Download FREE Sample Report:
Tellurium Ingot Market – View in Detailed Research Report

---

9️⃣ 2. Heeger Materials

Headquarters: North Carolina, USA
Key Offering: Tellurium Ingots, Tellurium Dioxide, Tellurium-based Compounds

Heeger Materials specializes in high-purity metals and advanced materials for research and industrial applications. Their tellurium ingots are known for consistent quality, making them a preferred supplier for universities, national laboratories, and technology companies developing next-generation electronics.

Strategic Initiatives:

• Tailored material solutions for R&D and prototyping

• Commitment to traceability and material certification

---

8️⃣ 3. Belmont Metals

Headquarters: New York, USA
Key Offering: Tellurium Ingots, Tellurium-Copper Alloys, Master Alloys

With over a century of experience, Belmont Metals is a leading supplier of non-ferrous metals and master alloys. The company provides tellurium ingots used primarily in metallurgy to improve the machinability of metals like copper and steel, serving foundries and manufacturing sectors worldwide.

Strategic Initiatives:

• Long-standing reputation for quality and consistency

• Expertise in alloy development and customization

---

7️⃣ 4. HENAN JINLI GOLD AND LEAD GROUP CO.,LTD

Headquarters: Henan, China
Key Offering: Tellurium Ingots, Refined Tellurium, By-product Tellurium

As a major integrated non-ferrous metal producer, Henan Jinli Gold and Lead Group recovers tellurium as a by-product from its lead and zinc smelting operations. This vertical integration allows the company to be a cost-competitive supplier in the global market, particularly for metallurgical applications.

Strategic Initiatives:

• Vertical integration from mining to refined metal production

• Expansion of tellurium recovery capacity from existing smelting processes

Download FREE Sample Report:
Tellurium Ingot Market – View in Detailed Research Report

---

6️⃣ 5. Hunan Rare Energy New Material Co., Ltd

Headquarters: Hunan, China
Key Offering: High-Purity Tellurium Ingots (5N, 6N), Bismuth Telluride

Hunan Rare Energy specializes in rare and scattered metals, with a focus on high-purity tellurium for advanced applications. The company is a key supplier for the thermoelectric industry, providing materials for Peltier coolers and power generators.

Strategic Initiatives:

• Specialization in ultra-high purity materials (up to 99.9999%)

• Strong presence in the growing thermoelectric materials market

---

5️⃣ 6. Wuhan Tuocai Technology Co., Ltd

Headquarters: Hubei, China
Key Offering: Tellurium Ingots, Tellurium Powder, Tellurium Evaporation Materials

Wuhan Tuocai Technology is a technology-driven company focused on high-purity metals and evaporation materials for the electronics industry. Their tellurium ingots are used in thin-film deposition processes for semiconductor and optical applications.

Strategic Initiatives:

• Development of specialized materials for thin-film deposition

• R&D focus on materials for photovoltaic and semiconductor sectors

---

4️⃣ 7. Changsha Santech Materials Co., Ltd

Headquarters: Hunan, China
Key Offering: Tellurium Ingots, Tellurium Granules, High-Purity Metals

Changsha Santech Materials is a reliable supplier of high-purity metals and alloys. The company serves diverse industries including metallurgy, electronics, and chemical manufacturing, with a reputation for consistent product quality and reliable delivery.

Strategic Initiatives:

• Broad customer base across multiple industrial sectors

• Investment in quality control and material certification processes

---

3️⃣ 8. Shinning Star Nonferrous Metal Co.,Ltd

Headquarters: Henan, China
Key Offering: Tellurium Ingots, Selenium, Bismuth

Shinning Star Nonferrous Metal specializes in minor metals including tellurium, which it produces from secondary sources and by-product recovery. The company has established itself as a flexible supplier capable of meeting varying customer requirements.

Strategic Initiatives:

• Focus on sustainable sourcing from secondary materials

• Flexible production to meet custom purity specifications

---

2️⃣ 9. First Rare Materials Co., Ltd

Headquarters: Guangdong, China
Key Offering: Tellurium Ingots, Gallium, Indium

First Rare Materials focuses on the production and distribution of rare metals critical for high-tech industries. The company’s tellurium products are used in infrared optics, thermoelectrics, and as alloying additives in metallurgical applications.

Strategic Initiatives:

• Strategic focus on technology-critical elements

• Development of value-added tellurium compounds and alloys

---

1️⃣ 10. SHANDONG HUMON SMELTING CO.,LTD

Headquarters: Shandong, China
Key Offering: Tellurium Ingots, Lead, Zinc, By-product Tellurium

As one of China’s largest lead and zinc smelters, SHANDONG HUMON SMELTING is a significant producer of tellurium recovered as a by-product. The company’s scale of operations ensures a stable supply of tellurium to the global market, particularly for bulk metallurgical applications.

Strategic Initiatives:

• Large-scale production from integrated smelting operations

• Continuous improvement in by-product recovery efficiency

Get Full Report Here:
Tellurium Ingot Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Tellurium Ingots Is Driven by Green Technology

The tellurium ingot market is undergoing a significant transformation. While traditional metallurgical applications continue to drive baseline demand, the industry is experiencing rapid growth from renewable energy and advanced electronics sectors that depend on this critical material.

📈 Key Trends Shaping the Market:

• Exponential growth in cadmium telluride (CdTe) thin-film solar panel production

• Increasing adoption of thermoelectric generators for waste heat recovery

• Advancements in phase-change memory technology using tellurium alloys

• Geopolitical focus on securing supply chains for critical raw materials

Get Full Report Here:
Tellurium Ingot Market – View in Detailed Research Report

The companies listed above are not only supplying a critical industrial material—they’re enabling the technological advancement of multiple high-growth industries.