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IPFS News Link • Supply Chain Disruption

LG Electronics Shutters Alabama Solar Factory Amid "Rising Commodity Costs"

• by Tyler Durden

"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.

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.