Polysilicon expansion planning reaches 7 million tons

Our tracking of polysilicon production capacity announcements shows 1.8 million tons online from mid-2023, 3.1 million tons by the end of the year, and 5.2 million by the end of 2024. These figures are too large because we took every announcement at face value with an optimistic timescale, for the sake of consistency. As you can see, they’re all Chinese except for the three Western players which survived the 2018-2020 price nadir. And new expansion announcements are still flowing in, at a slower pace than before, not yet completely deterred by the towering threat of monumental overcapacity. Another 150,000-ton project yet to be constructed held a signing ceremony just on Monday in Inner Mongolia, courtesy of Huineng Coal Power Group,…