Copyright Bloomberg
China’s largest producers of polysilicon for solar panels have signaled a turnaround in the industry’s fortunes after steep losses over the past couple of years. In something of a victory for the industry’s self-discipline measures, top manufacturer Tongwei Co.’s third-quarter earnings on Friday saw losses narrow dramatically, to 315 million yuan ($44 million) from 844 million yuan a year ago. Earlier in the month, No. 2 producer GCL Technology Holdings Ltd.’s solar materials business swung to a profit of 960 million yuan, from a 1.81 billion yuan loss.
