According to Official Amount @Solar 868, on the evening of January 21, GCL Technology (03800.HK) released an announcement regarding the latest progress in its granular silicon business. In Q4 2024, the company achieved a record-breaking cash cost for granular silicon of just RMB 28.17/kg, the lowest in the industry, providing a much-needed boost for the PV sector amidst challenging mark
According to the announcement, GCL Technology produced 70,900 tons of granular silicon and sold 74,600 tons in Q4 2024. The cash cost, including R&D expenses, dropped by 15% from RMB 33.18/kg in Q3 2024 to RMB 28.17/kg, setting a new benchmark for the industry. For the full year 2024, the company produced 269,200 tons and shipped 281,900 tons of granular silicon, with inventory levels consistently declin
GCL Technology attributed these achievements to the continuous advancements in its R&D efforts over the past year. Improvements in granular silicon technology, process optimization, equipment upgrades, and material and energy efficiency during production have all contributed to the s
“In a highly competitive market, even a single-digit cost reduction is a remarkable achievement. The drop from RMB 33.18/kg to RMB 28.17/kg in just three months demonstrates the extraordinary iteration speed of granular silicon,” commented a seasoned industry analyst. “Moreover, the continuous inventory decline in Q3 and Q4 underscores the growing competitive edge of granular silicon. As polysilicon prices stabilize and recover, GCL Technology has showcased its core strengths and differentiated competitiveness, paving the way to lead the next cycle.”
In addition, GCL Technology announced that it has fully exited direct and indirect investments in Siemens-process polysilicon to focus exclusively on the granular silicon business.
Business registration records indicate that Jiangsu Zhongneng Polysilicon Technology Development Co., Ltd., a wholly-owned subsidiary of GCL Technology, has withdrawn from the indirect shareholder list of Xinjiang GCL Silicon Technology Co., Ltd. The company has fully divested its Siemens-process polysilicon assets. Previously, GCL Technology had ceased all rod silicon production in 2023.
It is also worth noting that on January 6, China’s Ministry of Commerce issued a draft proposal for evaluating low-carbon photovoltaic modules, stipulating that modules with a cradle-to-gate carbon footprint below 415 kgCO2e/kWp can be certified as low-carbon products. This new regulation is a significant advantage for granular silicon, which positions low carbon emissions as one of its core strengths.
Source：https://mp.weixin.qq.com/s/FxJWBzr_O4G1fWHzS68YFw