Politics
U.S. Ban to Have Only Limited Impact on China’s Solar Industry
- Surging demand means polysilicon makers unlikely to suffer
- That could change if other countries also implement bans
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A U.S. ban on some solar materials made in the Xinjiang region is unlikely to have a major impact on Chinese polysilicon manufacturers, analysts said, although that could change if other countries follow Washington.
The Biden administration imposed a “withhold release order” on Thursday for products made by Hoshine Silicon Industry Co. and ports were instructed to detain shipments of its silica-based products. Another four Chinese entities were also added to Washington’s export blacklist on concerns over allegations of human-rights abuses against the ethnic Uyghur Muslim minority in Xinjiang.