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It seems part of the story was crystal production getting ahead of demand.

https://en.wikipedia.org/wiki/Polycrystalline_silicon#Capaci...

The price graph a little lower is interesting.




Thank you! I remember that catastrophic price spike. Note that in the 2009 to 2012 timeframe, though, the polysilicon price was relatively stable (declining only by half), and it's declined since then, so polysilicon pricing is only part of the story.




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