The Global Tellurium Ingot Market was valued at USD 280 Million in 2023 and is projected to reach USD 420 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period (2024–2030). This robust growth is propelled by the increasing demand for cadmium telluride (CdTe) thin-film solar panels, advancements in thermoelectric devices, and the expanding applications of tellurium in metallurgy and electronics.

As the global push for renewable energy and high-performance electronics intensifies, the critical role of tellurium as a strategic material becomes increasingly apparent. In this analysis, we profile the Top 10 Companies in the Tellurium Ingot Industry—a diverse group of miners, refiners, and specialty material suppliers shaping the supply chain for this vital element.

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🔟 1. 5N Plus Inc.

Headquarters: Montreal, Quebec, Canada
Key Offering: High-Purity Tellurium Ingots (5N, 6N), Cadmium Telluride (CdTe)

5N Plus is a leading global producer of specialty metal and chemical products. The company is a major supplier of high-purity tellurium ingots, which are essential for the manufacturing of CdTe thin-film solar panels and radiation detectors. Their vertically integrated operations ensure a consistent and reliable supply of high-quality materials.

Strategic Initiatives:

• Leading supplier of raw materials for the solar energy sector

• Continuous investment in purification technologies to achieve 99.999% (5N) and higher purity levels

• Strategic partnerships with major photovoltaic manufacturers

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9️⃣ 2. ULBA Metallurgical Plant JSC

Headquarters: Ust-Kamenogorsk, Kazakhstan
Key Offering: Tellurium Ingots, Beryllium-Tellurium Alloys

ULBA is one of the world’s key producers of tellurium, derived as a by-product of its copper refining operations. The plant has a long-standing reputation for producing high-quality tellurium ingots and serves a global clientele across various high-tech industries, including nuclear technology and aerospace.

Strategic Initiatives:

• Significant by-product tellurium production capacity

• Focus on supplying strategic materials for defense and energy applications

• Compliance with international nuclear and material safety standards

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8️⃣ 3. Nippon Rare Metal, Inc.

Headquarters: Tokyo, Japan
Key Offering: Ultra-High Purity Tellurium (6N and above), Tellurium Compounds

Nippon Rare Metal is a specialist in the production of ultra-high purity metals, including tellurium. The company caters primarily to the Japanese and broader Asian electronics markets, providing critical materials for semiconductor manufacturing and advanced optical applications.

Strategic Initiatives:

• Specialization in ultra-high purity (99.9999%+) tellurium for sensitive electronic applications

• Strong R&D focus on new tellurium-based compound semiconductors

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7️⃣ 4. American Elements

Headquarters: Los Angeles, California, USA
Key Offering: Tellurium Ingots (Various Purities), Tellurium Dioxide, Tellurium Powder

American Elements is a global manufacturer and distributor of advanced materials. The company offers tellurium in multiple forms, including high-purity ingots, and serves a diverse range of sectors from research and development to large-scale industrial production.

Strategic Initiatives:

• Extensive catalog of tellurium products for research and industrial use

• Custom manufacturing capabilities for specific alloy and compound requirements

• Global logistics network ensuring reliable supply

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6️⃣ 5. Mitsubishi Materials Corporation

Headquarters: Tokyo, Japan
Key Offering: Tellurium Ingots, Tellurium Copper Alloys (C14500)

Mitsubishi Materials is a major integrated materials producer. Its electronic materials division produces high-purity tellurium, and it is a leading manufacturer of tellurium copper alloys, which are valued for their excellent machinability and are widely used in electrical components and plumbing fittings.

Strategic Initiatives:

• Integrated production from copper smelting to high-purity tellurium and specialized alloys

• Market leadership in tellurium-copper alloys for industrial applications

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5️⃣ 6. Teck Resources Limited

Headquarters: Vancouver, British Columbia, Canada
Key Offering: Tellurium (as a by-product), Copper, Zinc

Teck Resources is one of Canada’s leading mining companies. While primarily focused on copper, zinc, and steelmaking coal, Teck recovers tellurium as a valuable by-product from its Trail Operations in British Columbia, contributing significantly to the North American supply.

Strategic Initiatives:

• By-product tellurium production from one of the world’s largest zinc and lead smelters

• Commitment to sustainable mining and metals production practices

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4️⃣ 7. Belmont Metals Inc.

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

Belmont Metals has been a supplier of non-ferrous metals and alloys for over a century. The company provides tellurium ingots primarily for metallurgical applications, where tellurium is used as an additive to improve the machinability of metals like steel, copper, and lead.

Strategic Initiatives:

• Long-standing expertise in tellurium for metallurgical applications

• Production of custom tellurium-bearing master alloys for foundries

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3️⃣ 8. ProChem, Inc.

Headquarters: Rockford, Illinois, USA
Key Offering: High-Purity Tellurium Metals and Compounds

ProChem specializes in high-purity elements and inorganic chemicals for technology and research sectors. The company is a key supplier of pure tellurium ingots and various tellurium compounds used in chemical synthesis and material science research.

Strategic Initiatives:

• Focus on high-purity materials for research institutions and specialty manufacturers

• Custom purification and processing services

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Global Tellurium Ingot Market – View in Detailed Research Report

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2️⃣ 9. CERAC, Inc. (a subsidiary of Materion Corporation)

Headquarters: Milwaukee, Wisconsin, USA
Key Offering: Ultra-High Purity Tellurium, Sputtering Targets, Evaporation Materials

CERAC, part of Materion’s Advanced Materials group, produces high-purity tellurium metals and tellurium-based sputtering targets used in thin-film deposition processes for semiconductors, photovoltaic cells, and optical coatings.

Strategic Initiatives:

• Production of high-performance materials for thin-film deposition technologies

• Integration within Materion’s broader advanced materials portfolio

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1️⃣ 10. Korea Zinc Co., Ltd.

Headquarters: Seoul, South Korea
Key Offering: Tellurium (By-Product), Refined Zinc, Lead

Korea Zinc is one of the largest non-ferrous metal smelting companies in the world. Its operations yield significant quantities of tellurium as a by-product of zinc refining, making it a major supplier within the Asian market and globally.

Strategic Initiatives:

• Large-scale by-product tellurium recovery from zinc smelting operations

• Strategic position to supply the growing electronics and solar markets in Asia

• Investment in efficient metal recovery technologies

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Global Tellurium Ingot Market – View in Detailed Research Report

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🌍 Outlook: The Future of Tellurium Ingots is Bright and Strategic

The tellurium ingot market is at a pivotal point, driven by its indispensable role in the clean energy transition. While traditional metallurgical applications remain stable, the demand from the solar energy and electronics sectors is creating new growth dynamics and supply chain considerations.

📈 Key Trends Shaping the Market:

• Exponential growth in CdTe thin-film solar panel installations, particularly in utility-scale projects.

• Increasing R&D into tellurium-based thermoelectric generators for waste heat recovery.

• Growing recognition of tellurium as a critical raw material by governments in the EU, USA, and Japan, leading to supply chain security initiatives.

• Advancements in recycling technologies to recover tellurium from end-of-life electronics and production scrap.

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

The companies leading the tellurium ingot market are not just suppliers of a niche metal—they are enablers of solar energy generation, advanced electronics, and efficient industrial processes. As global demand surges, their ability to ensure a stable, high-quality supply will be crucial for technological progress.