Polysilicon Price Hits 11-Year High on Surging Solar Panel Demand

What’s new: The price of polysilicon, a key material for producing solar panels, touched the highest level in China in 11 years, reflecting strong demand amid the country’s clean energy push.

The average cost of the most expensive grade of polysilicon climbed 20 consecutive weeks to reach 273.1 yuan ($40.62) per kilogram Wednesday, according to the China Silicon Industry Association. The price gained 25.8% from a year ago and is the highest since 2011.