China Solar Shares Extend Surge on Possible Production Curbs [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Most Read from Bloomberg 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 Xinjiang Daqo New Energy Co. advanced as much as 7.4% after jumping nearly 20% in the previous session. China's solar firms have suffered massive losses this year due to severe overcapacity across the industry that's led to a price war and bankruptcies. Polysilicon makers have already paused some pro
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