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Commodity Prices to Continue Rising, Driving up Solar Component Costs

The price volatility of raw materials has created uncertainty in the market, forming a demand-supply gap

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Over the last six months, the rising price trends in commodities, including steel, aluminum, and copper, have started to take a toll, increasing the burden on solar developers. In addition, the spike in steel prices has exacerbated the situation for engineering, procurement, and construction players and module manufacturers in the solar space.

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