The Biden administration may ban imports of polysilicon from China’s Xinjiang region, Politico reports.
For months, a bipartisan group of lawmakers has pushed Biden to impose import restrictions on polysilicon similar to ones the Trump administration placed on cotton, tomatoes and other products exported from Xinjiang.
But a ban on polysilicon imports – a key component of solar panels – could undermine the White House’s aggressive climate change goals.
Half of the world’s polysilicon currently comes from Xianjing, where the Chinese government has been accused of rounding up hundreds of thousands of ethnic Uyghur Muslims in what the State Department has labelled a genocide.
JinkoSolar stock fell slightly after the Politico report.
Daqo New Energy, another polysilicon maker with a factory in Xinjiang, fell as much as 7% before partially rebounding.