Featured in Latin Sol-utions – 11-2013

At the inflection point

Silicon industry: Polysilicon prices are stabilizing, but manufacturers are still not turning a profit. That could gradually change as more and more companies collapse under the industry’s deadly competition. But for U.S. companies slapped with high Chinese antidumping tariffs, the crisis is likely to continue.

The numbers are mostly in the red. Polysilicon prices have dropped so dramatically in the past year that producers are slipping ever deeper into the minus column. World market leader GCL-Poly Energy Holding is just one example. Losses from its solar business (polysilicon and wafers) totaled HK$1.4 billion (US$181 million) for the first half of …

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