Last week saw REC Group shutter its polysilicon production in Norway, with CEO Jan Enno Bicker complaining that his Chinese rivals enjoy an electricity price of just $37 per MWh – while Norway can host that kind of electricity price, Bicker states that they pay ten times that on the spot market. The Chinese electricity cost contributes about $2 per kg to cost of production, and the current market price is under $9 per kilogram. By itself, this is no outrage – the polysilicon price has fallen to the same level which in 2020 killed off most Western polysilicon manufacturing in the first place. REC Group only revived its Norwegian polysilicon production in March to catch the tail end of…