Solar Stocks Ramp as China Plans Ways to Support Industry (LDK) (STP) (TSL)
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Solar stocks moved higher on Monday after it was reported that China's Science Ministry held meeting to discuss policies to support development of the PV industry. The Ministry of Science conducted a major study in late April.
Last week it was reported that China is seeking dialog to head off a possible trade war. The news comes as the EU is set to impose up to 68% anti-dumping duties on solar imports from China. Last week WSJ said Suntech Power Holding (NYSE: STP) will face tariffs of 48.6%, LDK (NYSE: LDK) will be 55.9%, and Trina Solar (NYSE: TSL) will be 51.5%. Reports say some EU companies are opposed to the duties.
Last week it was reported that China is seeking dialog to head off a possible trade war. The news comes as the EU is set to impose up to 68% anti-dumping duties on solar imports from China. Last week WSJ said Suntech Power Holding (NYSE: STP) will face tariffs of 48.6%, LDK (NYSE: LDK) will be 55.9%, and Trina Solar (NYSE: TSL) will be 51.5%. Reports say some EU companies are opposed to the duties.
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