LG Electronics Closes Alabama Solar Factory Amid “Rising Commodity Costs”

Soaring material costs, supply chain constraints, and intensified price competition are some of the reasons why LG Electronics Inc. will shutter its solar factory in Huntsville, Alabama, according to a company press release.

“The decision comes as uncertainties in the global solar panel business continue to increase due to a variety of contributing factors, including the intensification of price competition and the rising cost of raw materials,” LG said.

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Soaring commodity prices have sent solar-grade polysilicon prices up more than 550% in the last two years. Polysilicon is a critical raw material in producing solar photovoltaic cells for panels.



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