REC Silicon Shifts Focus After Production Halt

REC Silicon ASA (RNWEF) has released an update.

REC Silicon ASA has announced the closure of its polysilicon production at the Moses Lake facility, shifting focus to its silicon gas business. The decision comes after unsuccessful attempts to rectify production issues and discussions with customers about contract cancellations. This strategic move aims to reduce costs and return to profitability, while the company seeks additional financing to support the transition.

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