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Investing.com -- Leading Chinese polysilicon manufacturers are discussing the creation of a 50 billion yuan ($7 billion) fund aimed at acquiring and shutting down approximately one-third of the industry’s production capacity, according to GCL Technology’s investor relations director Jun Zhu.
The initiative would target at least 1 million metric tons of lower-quality polysilicon capacity for closure as part of a broader sector restructuring effort.
The discussions represent a significant potential consolidation in China’s polysilicon industry, which has faced challenges from overcapacity and quality concerns.
Polysilicon is a key material used in the production of solar panels, and China dominates global production of this essential component for renewable energy infrastructure.
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