Solar Silicon Prices Hit Rock Bottom Amid Overproduction ...Middle East

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Solar Silicon Prices Hit Rock Bottom Amid Overproduction
Spot prices for the main ingredient in solar photovoltaic systems are crashing hard and fast, fueled by a glut in China's solar panel supply chain. Some companies manufacturing polysilicon make solar panels at a loss, while others have shuttered production.  Bloomberg data shows the average price of solar silicon plunged 22% from last week to $9.6 per kilogram, hitting levels not seen since the summer of 2020. Prices peaked on June 2022 at $39 and have since plunged 75.5%.  The main reason for the plunge is "polysilicon production far…

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