The Global Tellurium Ingot Market was valued at USD 1.2 Billion in 2023 and is projected to reach USD 2.1 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.3% during the forecast period (2024–2030). This robust growth is fueled by escalating demand from the solar energy sector for cadmium telluride (CdTe) thin-film photovoltaic cells, alongside expanding applications in thermoelectric devices, metallurgy, and electronics.

As global industries pivot towards sustainable energy and advanced electronics, the strategic importance of critical materials like tellurium has intensified. The market’s trajectory is shaped by a select group of producers who control the refined supply chain, from primary extraction to high-purity ingot production. In this analysis, we profile the Top 10 Companies in the Tellurium Ingot Industry—a blend of established metal giants and specialized material suppliers driving innovation and securing supply for the technologies of tomorrow.

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🔟 1. 5N Plus Inc.

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

5N Plus is a global leader in the production of high-purity metals and compounds, with tellurium being a cornerstone of its product portfolio. The company specializes in ultra-pure tellurium ingots essential for semiconductor and thin-film solar applications, leveraging its vertical integration and recycling capabilities to ensure a stable supply.

Strategic Initiatives:

• Major supplier of CdTe materials to the photovoltaic industry
• Advanced recycling programs for tellurium from end-of-life products
• Strategic partnerships with solar panel manufacturers

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9️⃣ 2. Mitsubishi Materials Corporation

Headquarters: Tokyo, Japan
Key Offering: Tellurium Ingots (99.99%-99.999%), Bismuth Telluride

Mitsubishi Materials is a key player in the advanced materials sector, producing high-purity tellurium ingots primarily sourced as a by-product of copper refining. The company’s materials are critical for thermoelectric cooling devices and infrared optics, serving a global clientele in high-tech industries.

Strategic Initiatives:

• Focus on high-value-added applications like thermoelectrics
• Investment in R&D for next-generation tellurium-based alloys
• Strong supply chain integration within the Asian electronics market

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8️⃣ 3. JX Nippon Mining & Metals

Headquarters: Tokyo, Japan
Key Offering: Ultra-High Purity Tellurium (6N+), Sputtering Targets

As part of the larger ENEOS Holdings Group, JX Nippon Mining & Metals is a major producer of tellurium derived from its extensive copper smelting operations. The company is renowned for its ultra-high-purity tellurium products used in advanced phase-change memory chips and semiconductor applications.

Strategic Initiatives:

• Leading supplier for the electronics and data storage industries
• Continuous improvement in purification technologies
• Commitment to sustainable and traceable material sourcing

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7️⃣ 4. URAGUANG GROUP

Headquarters: Henan, China
Key Offering: Tellurium Ingots (99.99%, 99.999%), Tellurium Dioxide

Yuguang Group is one of China’s leading producers of precious and rare metals, with a significant output of tellurium ingots. The company benefits from domestic copper production and has a strong presence in both the domestic Chinese market and international exports, particularly for metallurgical applications.

Strategic Initiatives:

• Expansion of production capacity to meet growing demand
• Diversification into downstream tellurium chemicals
• Active participation in setting national quality standards

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6️⃣ 5. Belmont Metals Inc.

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

Belmont Metals is a longstanding US-based supplier of non-ferrous metals, including high-purity tellurium ingots. The company serves a diverse industrial base, providing tellurium for steel and copper alloying to improve machinability, as well as for specialized chemical applications.

Strategic Initiatives:

• Focus on the North American metallurgy and manufacturing sectors
• Custom alloy development for specific customer requirements
• Maintenance of strategic metal reserves for supply security

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5️⃣ 6. SHANDONG HUMON SMELTING CO.,LTD

Headquarters: Shandong, China
Key Offering: Tellurium Ingots, Cadmium, Bismuth

Shandong Humon is a major smelting company in China with substantial tellurium production capacity. As a significant by-product producer from lead and zinc refining, the company plays a crucial role in the global tellurium supply chain, catering to both domestic and international markets.

Strategic Initiatives:

• Integrated production from ore to high-purity metal
• Cost-competitive positioning in the global market
• Investment in environmental and smelting technology upgrades

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4️⃣ 7. Teck Resources Limited

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

Teck Resources, one of Canada’s leading mining companies, is a notable tellurium producer from its Trail Operations in British Columbia. The tellurium is recovered during the electrolytic refining of copper, positioning Teck as a key North American supplier, particularly for the solar industry.

Strategic Initiatives:

• Partnerships with solar energy companies for CdTe supply
• Focus on sustainable mining and by-product recovery
• Exploration of new recovery techniques to increase yield

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3️⃣ 8. HENAN JINLI GOLD AND LEAD GROUP CO.,LTD

Headquarters: Henan, China
Key Offering: Tellurium Ingots, Gold, Lead, Silver

Henan Jinli is a prominent Chinese producer of precious and non-ferrous metals, with tellurium production tied to its lead and gold refining processes. The company has grown its tellurium business to become a significant supplier in Asia, supporting regional manufacturing needs.

Strategic Initiatives:

• Expansion of non-ferrous metal product portfolio
• Leveraging China’s position as a major tellurium producer
• Development of value-added tellurium-based products

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2️⃣ 9. First Rare Materials Co., Ltd

Headquarters: Ganzhou, Jiangxi, China
Key Offering: High-Purity Tellurium Ingots (4N-6N), Tellurium Powder

First Rare Materials specializes in the production and distribution of rare and scattered metals, with a focus on high-purity tellurium. The company caters to the demanding specifications of the electronics and infrared optics industries, emphasizing quality control and consistency.

Strategic Initiatives:

• Specialization in high-purity forms for niche applications
• Strong export orientation to global high-tech markets
• Investment in advanced purification and analysis equipment

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1️⃣ 10. LAN FONG HANG CO.,LTD

Headquarters: Hong Kong
Key Offering: Tellurium Ingots, Selenium, Bismuth

Lan Fong Hang is a established trader and supplier of minor metals, including tellurium ingots. The company acts as a vital link between producers, particularly in China, and international consumers, providing reliable supply chain logistics and quality assurance for a global client base.

Strategic Initiatives:

• Global trading network and market intelligence
• Flexible supply solutions for small and medium enterprises
• Focus on building long-term customer relationships

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

The tellurium ingot market is at a pivotal juncture, characterized by supply constraints and surging demand from clean energy technologies. While traditional metallurgical applications remain stable, the growth engine is unequivocally the push for renewable energy, which relies heavily on CdTe thin-film solar panels. The industry’s future hinges on innovative recycling methods and more efficient recovery from primary metal operations.

📈 Key Trends Shaping the Market:

• Exponential growth in CdTe photovoltaic installations worldwide
• Increasing R&D investment in tellurium-based thermoelectric generators for waste heat recovery
• Supply chain consolidation and strategic stockpiling by consuming nations
• Advancements in purification technologies enabling higher purity grades for advanced electronics

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

The companies profiled above are not only supplying a critical raw material—they are enabling the transition to a more sustainable and technologically advanced global economy. Their ability to innovate and secure supply will directly impact the pace of adoption for next-generation energy and electronic devices.