New Energy
China Solar Shares Extend Surge on Possible Production Curbs
- Polysilicon makers energy consumption may be limited: Daiwa
- The country’s solar sector is grappling with a supply glut
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Shares in Chinese manufacturers of polysilicon, a key material in solar components, extended a sharp rally on expectations the government will move to curb production to tackle a massive glut.
The Ministry of Industry and Information Technology may publish rules to limit polysilicon manufacturers’ energy consumption, Daiwa Capital Markets said in a note on Wednesday, without citing specific sources for the information. The ministry couldn’t be reached for comment.