(ZEROHEDGE) – The cost of going green is about to become more expensive as polysilicon prices are erupting and will likely remain elevated due to factory shutdowns in China.
Polysilicon is a superrefine form of silicon used in solar panels for its semiconductor-like material properties. Spot prices for polysilicon bottomed at $6.30/kg in mid-2020 and have jumped 600% to $36.09/kg as of last week, according to BloombergNEF.
China is a top producer of polysilicon. The latest factory shutdowns of energy-intensive factories, such as ones that refine silicon, have resulted in declining output that will affect global supply. Countries, in a rush, to greenify their economies are increasing demand for solar panels that are pressuring polysilicon prices higher.
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