GCL-Poly to Boost Polysilicon Production
Polysilicon Counterculture
GCL-Poly Energy Holdings Ltd. is raising $ 236m to increase polysilicon production capacity amid a global surplus and against a background of plummeting prices for this key material.
This investment signals the company’s long-term strategy to increase its market share. According to data compiled by Bloomberg, prices for polysilicon have fallen by 94 % to about $30 per kilogram from $475 three years ago, with the top five producers having more than doubled their output. www.bloomberg.com