Biden win boosted US silicon? Some skeptical of solar panel theory

Joe Biden’s victory in the United States presidential election helped propel the US silicon price to its highest level in 15 months, some market participants said, but others were skeptical.

Fastmarkets assessed the price for silicon, ddp US, at $1-1.03 per lb on Thursday November 12, narrowing upward by 2 cents from $0.98-1.03 per lb on November 5 – two days before Biden was declared the president-elect. He had been highly favored in the polls before the November 3 election.

"Silicon is going up quickly,” one consumer source said, providing a theory with which others were familiar. “I assume the silicon...


Orla O'Sullivan

November 19, 2020

05:24 GMT

New York