Mark Anthony

Why LDK Beats First Solar

Neither Bull Nor Bear:

Thanks for the quotation of that tellurium price news from China. It pleases me to know how much I am making in my tellurium investment, although I do not feel the need to check out latest tellurium price myself.

Could you post the URL where you get that information?

The tellurium shortage situation is actually much worse than I realized when I first wrote the tellurium article. 5N Plus Inc., the dorminant CdTe supplier to FSLR, now goes public and you can check out its prospectus. On page 26 it claims the need to expand annual capacity to 350 metric tons of CdTe, and possible even further double from that level, in order to satisfy the demand from FSLR and from other CdTe solar panel makers.

That's a lot of consumption of tellurium. I do not know where they can find enough tellurium to produce 350 metric tons of CdTe per year. So expect tellurium price to run up to crazy levels. I have invested in physical tellurium ingots and will continue to buy more.

Over the course of 2007, the price of tellurium has doubled. I should have studied tellurium and bought at the beginning of 2007.

I do not have an opinion of LDK's current valuation. But as a silicon company, LDK surely has a great growth potential in the future as long as the management execute strategic decisions right. Good luck with your LDK investment, folks!