Featured in Further upstream – 10-2024

Low prices shaping polysilicon’s future

Polysilicon was in short supply in 2021 and 2022. High prices and fat profits drove investment into huge new production capacities, including from new market entrants. The resulting surpluses have driven down prices, according to InfoLink analyst Dora Zhao.

By

pv magazine

04 Oct 2024

Global annual polysilicon production capacity grew from 722,000 metric tons (MT) in 2021 to 1.24 million MT in 2022, marking a 72% increase. It surpassed two million MT in 2023 after a 67% rise and is projected to increase by 42% to 2.95 million MT in 2024, with 876,000 MT coming online.The accompanying price plunge …

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