• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Technology & Startups

Exclusive-Top China polysilicon firms plan to shut a third of production capacity, set OPEC-style output quotas, GCL says

July 31, 2025
in Technology & Startups
Reading Time: 3 mins read
A A
0
2
SHARES
5
VIEWS
Share on FacebookShare on Twitter


By Colleen Howe

BEIJING (Reuters) -Chinese producers of polysilicon, a building block for solar panels, are in talks to create a 50 billion yuan ($7 billion) fund to acquire and shut down roughly a third of production capacity and restructure part of the loss-making sector, GCL Technology Holdings said.

The top polysilicon producer told Reuters on Thursday plans were being discussed to acquire and shut at least 1 million metric tons of lower-quality polysilicon capacity.

“It is sort of like the OPEC of polysilicon industry, wherein total supply for a specified timeframe has to be agreed by the central committee and production quotas to be allocated to producers,” GCL’s investor relations director Jun Zhu said.

The plan is one of the strongest signals yet that the heightened rhetoric against overcapacity rolled out by the government this month is translating into action. Chinese industry, from solar to electric vehicles, is grappling with massive overcapacity and vicious price wars that are wiping out profits.

GCL Chairman Zhu Gongshan said at an industry conference in June that major firms were working to restructure the industry, while local media reported producers were in talks to create an acquisition fund. Reuters is reporting the size, scope and timing of the plan for the first time.

State planner the National Development and Reform Commission did not immediately respond to a request for comment.

The proposed closures would leave approximately 2 million tons of capacity remaining in the market, Jun Zhu said.

China’s production capacity was 3.25 million tons at the end of 2024, according to figures from consultancy Bernreuter Research, indicating the proposed closures would comprise some 38% of capacity.

President Xi Jinping in early July called for an end to “disorderly price competition,” and three days later the industry ministry pledged to calm price wars and retire outdated production capacity during a meeting with solar industry executives.

This rhetoric, combined with initiatives from various ministries and provincial governments have sent prices of industrial commodities soaring in recent weeks in anticipation of supply side reforms. Polysilicon prices are up nearly 70%.

The platform would be launched in the late third quarter of 2025 and would start making purchases in the fourth quarter, both of excess capacity and of market inventories, Jun Zhu said.

The fund’s central committee, tasked to “make sure polysilicon prices fluctuate at a price range beneficial to all stakeholders”, would be made up of polysilicon producers, platform creditors, and potentially regulators, he said. ($1=7.15 yuan)

(Reporting by Colleen Howe in Beijing; Editing by Neil Fullick)

Tags: Chinese industryGCLJun Zhuovercapacitypolysiliconproduction capacitysolar panels
Previous Post

‘I never want to go back there’: N.S. woman left with nightmares after hospital experience – Halifax

Next Post

South Korea breaks 117-year record with 22 ‘tropical nights’ in July

Related Posts

Wall Street’s gone all out on AI. We want to know how you’re actually using it.

August 23, 2025
5

Tesla board member Kimbal Musk weighs in on his brother’s pay package and the idea of Tesla investing in xAI

August 23, 2025
4
Next Post
South Korea breaks 117-year record with 22 ‘tropical nights’ in July

South Korea breaks 117-year record with 22 ‘tropical nights’ in July

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Police ID man who died after Corso Italia fight

December 23, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
20-hour blackouts, garbage-lined streets: this is life under Cuba’s ‘war economy’

20-hour blackouts, garbage-lined streets: this is life under Cuba’s ‘war economy’

August 23, 2025
A person holding a Social Security card between their thumb and index finger.

Social Security Is a Financial Mess — and Here’s the Truth of How It Got to This Point todayheadline

August 23, 2025
India says trade negotiations with US are still going on

India says trade negotiations with US are still going on todayheadline

August 23, 2025
ET logo

Govt maintained that action will be taken against who did wrong in Dharmasthala case: Shivakumar todayheadline

August 23, 2025

Recent News

20-hour blackouts, garbage-lined streets: this is life under Cuba’s ‘war economy’

20-hour blackouts, garbage-lined streets: this is life under Cuba’s ‘war economy’

August 23, 2025
5
A person holding a Social Security card between their thumb and index finger.

Social Security Is a Financial Mess — and Here’s the Truth of How It Got to This Point todayheadline

August 23, 2025
4
India says trade negotiations with US are still going on

India says trade negotiations with US are still going on todayheadline

August 23, 2025
2
ET logo

Govt maintained that action will be taken against who did wrong in Dharmasthala case: Shivakumar todayheadline

August 23, 2025
4

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

20-hour blackouts, garbage-lined streets: this is life under Cuba’s ‘war economy’

20-hour blackouts, garbage-lined streets: this is life under Cuba’s ‘war economy’

August 23, 2025
A person holding a Social Security card between their thumb and index finger.

Social Security Is a Financial Mess — and Here’s the Truth of How It Got to This Point todayheadline

August 23, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co