Shares of Daqo New Energy (DQ +19%) surge again, capping off a near doubling in the past month,...
Shares of Daqo New Energy (DQ +19%) surge again, capping off a near doubling in the past month, as China's polysilicon plants resume output to meet a demand recovery expected when the country imposes a retaliatory tax on foreign imports of the material. But the rally may be nearing its end as foreign suppliers find ways to circumvent duties and Chinese plants compete with each other in a crowded market.
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