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REC Silicon delays decision on shutdown of FBR polysilicon plant
While trade negotiations between the USA and China have stalled, polysilicon manufacturer REC Silicon puts its last hope in talks between the two rivals at the G20 summit in Osaka, Japan on June 28 and 29. The company has, therefore, delayed its decision on the final shutdown of its fluidized bed reactor (FBR) polysilicon plant at Moses Lake in the U.S. state of Washington until July 15.
During the bilateral trade talks in February, China offered that it would reduce its import tariffs on U.S.-made polysilicon. But negotiations broke down in early May after the Chinese delegation pulled a lot of provisions back from a draft contract.
Given U.S. President Trump’s strong rhetoric, chances for reaching an agreement at the G20 summit in Osaka are viewed as small.
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