As former U.S. President Donald Trump hinted at the possibility of imposing a tariff on Chinese-made solar materials, shares of major domestic solar corporations are rising.
On the 7th in the Korea Exchange, Hanwha Solutions(009830) is trading at 34,000 won, up 4,650 won (15.30%) from the previous session. At the same time, OCI Holdings(010060) is also up 15,500 won (6.35%) at 259,500 won.
This week's stock gains are seen as reflecting the market's view that tighter restrictions on Chinese solar products will benefit related domestic corporations.
President Donald Trump is reportedly reviewing imposing a 15% tariff on imports of polysilicon, a key material for solar power generation, and applying a minimum import price.
In particular, expectations appear to be growing that, if the inflow of low-priced Chinese products into the U.S. market is restricted, domestic corporations with non-Chinese supply chains will gain a windfall.
Hanwha Solutions has a solar integrated production complex, the "Solar Hub," in Georgia that supplies ingots, wafers, cells, and modules. OCI Holdings has also built a non-Chinese supply chain linking polysilicon produced in Malaysia, wafers in Vietnam, and local U.S. cell and module production facilities.