The slowing economy could affect renewable energy companies, causing decreased demand and investments.
dropped by 3.65% between March and April. This represents the index’s most significant drop since November 2022. Despite this, the index still has yet to break out of its sideways trend. However, the falling economy continues to keep both renewable energy companies and investors on edge.
The steel plate parts of the index held strong, with most actually increasing in price. However, steel prices could soon hit their peak, so the continuation of this trend remain uncertain. Meanwhile, two main components caused the index to drop: silicon and neodymium. The silicon market still finds itself oversupplied, and prices are not finding much upward support. And after hitting historically high levels in early 2022 , neodymium continues its downward trend.
A recession could also impact supply chains for renewable resource materials, including the manufacturing of products like solar panels and wind turbines. These disruptions could result in production costs and delays, further impacting renewable resource pricing and manufacturing. Despite these negative impacts, a recession can also positively affect renewable resource prices. For example, during an economic downturn, there may be a decrease in the prices of raw materials and
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