Polysilicon prices expected to rise as Chinese producers cut capacity

The price of polysilicon, a crucial material in solar panels, is set to rally by the end of the year as producers cut capacity in response to a sector slump, according to the China Silicon Industry Association. Production declines are being driven by seasonal factors such as an upcoming public holiday in early October and reduced hydropower output, which is pushing up power costs. Polysilicon prices in China have plummeted 85% since mid-2022 due to…