China Solar Shares Extend Surge on Possible Production Curbs [Financial Post (Toronto, Ontario, Canada)]
DAIWA SECS GROUP S/ADR (DSEEY)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Shares in Chinese manufacturers of polysilicon, a key material in solar components, extended a sharp rally on expectations the government will move to curb production to tackle a massive glut. The Ministry of Industry and Information Technology may publish rules to limit polysilicon manufacturers' energy consumption, Daiwa Capital Markets said in a note on Wednesday, without citing specific sources for the information. The ministry couldn't be reached for comment. The policy could speed the retirement of less-efficient polysilicon plants, and also ensure that capacity that has already been suspended isn't restarted, Dennis Ip, an analyst at Daiwa Capital, said in an emailed response to questions. GCL Technology Holdings Ltd. rose as much as 5.3% in Hong Kong on Thursday after surging 25% the previous day. Tongwei Co. climbed as much as 7.9% and
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