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Limit indium! Indium prices soared 43% a week
Update Time : 2021-08-31 View : 2445
In the first half of the year, a shares showed that there was "lithium" all over the world. At the end of August, Zhuzhou Metallurgical Group (600961. SH) without "lithium" rose by 4 limits a week, and zinc industry (000751. SZ) rose by 29.13% a week; Tin industry shares (000960. SZ) rose 33.19% this week.
How to rise without "lithium"? Because their daily limit has "indium"!
According to wind data, as of the close on August 27, the indium price index closed at 1935 yuan / kg, up 9.32% on the same day, 43% in a week and 60.58% in January.
On August 30, the trend of indium concept stocks in early trading tended to be stable.
Price ceiling or at 5000 yuan
Data show that indium, a metal element with the element symbol in, is mainly used to manufacture raw materials such as low-melt alloys, bearing alloys, semiconductors and electric light sources. The demand is maintained at about 1600 tons throughout the year. In terms of supply, indium can be mined and regenerated. Among them, the global production of refined indium is 760 tons in 2019, and the global output has basically remained above 700 tons in recent five years. China is the largest producer, with an output of 300 tons in 2019, the same as last year, accounting for 39% of the global output; The output of South Korea is 240 tons, accounting for 31% of the global output.
ITO target is an excellent choice for TCO coating process of hjt battery, and it is also the first choice in hjt industry at present. 90% - 97% of the components of ITO targets are indium oxide. At present, it has become an industry consensus that hjt cells replace perc cells in the photovoltaic industry, which will increase the demand for indium.
According to the calculation of solarzoom new energy think tank, the indium metal consumed per production of 1GW hjt battery is about 4.0 tons. If carbon neutralization is accelerated in 2040, the global new installed capacity of the photovoltaic industry chain is expected to increase to 2000gw / year around 2035, which is more than ten times higher than the new installed capacity of 130gw in 2020. Considering that hjt technology and hjt + perovskite lamination technology are the mainstream direction in the future, it will bring an incremental demand of indium of up to 8000 tons / year. Compared with the original demand of about 1600 tons of indium per year, the impact of the outbreak of hjt industrial chain can be said to be very huge.
In addition, the price of indium may be about 5000 yuan / kg. Considering the cost performance balance point with the substitute azo coating and the historical high level of indium price (6250 yuan / kg), when the hjt industrial chain breaks out, the indium price will not cause a large-scale substitution effect of demand until it rises to the historical high of 5000-6000 yuan / kg.
Affected by the sharp rise in spot prices, indium concept stocks rose together. The leading Zhuzhou Smelter Group rose four times a week. As of August 27, it closed at 14.1 yuan / share, up 5.94%; Zinc industry shares closed at 5.32 yuan / share, with a weekly increase of 29.13%; Tin industry shares closed at 21.71 yuan / share, up 8.12% on the day and 33.19% on the week.
The rapid rise of share price has aroused the interest of investors. They have asked listed companies about indium on the interactive platform of Yihe E.
Zinc Industry Co., Ltd. said on the investor interaction platform on August 26 that indium is the company's comprehensive recycling product, and the output of indium mainly depends on the amount of indium brought in from the raw ore. at present, the company's annual output of indium is about 15 tons.
Tin Industry Co., Ltd. will produce 72.5 tons and 34.88 tons of indium ingots in 2020 and the first half of 2021, respectively. As of December 31, 2020, the company's inventory of indium ingots was about 113 tons and the retained resource of indium was 5877 tons.
Can you get on the bus?
Facing the rise of indium price and indium concept stocks, can we get on the bus now? Chen Jianghong, a well-known private placement person in Beijing, told the Huaxia times that for the rising indium concept listed companies, the proportion of indium production is relatively small, and the performance increment brought by the rapid rise of indium price is almost negligible in front of the company's total performance. Since March last year, nonferrous metals began a bull market. In the first half of this year, the performance of relevant listed companies generally exceeded expectations, which is the fundamental reason for the rise of stock prices. The rise in indium prices is more like a catalyst.
According to the reporter's statistics, even at the price of 2000 yuan / kg, the income brought by zinc's 15 tons of indium production is only 30 million yuan; The indium output of 34.88 tons of tin industry shares brings only 70 million yuan of income. Compared with the first half of 2021, the revenue of Zinc Industry Co., Ltd. was 4.18 billion yuan and the net profit was 98.68 million yuan; The revenue of 29.5 billion yuan and the net profit of 960 million yuan of tin industry shares are a drop in the bucket.
Since March last year, the price of non-ferrous metals has doubled under the background of global overall monetary easing. London metal exchange data show that copper prices rose from the lowest $4371 / ton to $10747.5/ton; Zinc price increased from USD 1674.8/t to USD 3108.5/t; The price of lead rose from US $1570 / ton to US $2412.5/ton; The price of tin increased from US $12700 / ton to US $35955 / ton.
The rise in prices made the performance of A-share non-ferrous metal listed companies generally exceed expectations.
It is worth mentioning that Gaoyi assets greatly reduced its holdings of cash out Tin shares. According to the first quarterly report, Gao yixiaofeng wrote to the fund on the 2nd to buy 34.2998 million shares; Gaoyi Xiaofeng No. 1 Ruiyuan securities investment fund bought 13.6998 million shares; CITIC Trust Ruijin 43 Gao yixiaofeng investment collective fund trust plans to buy 12.3998 million shares; Gao Yi Xiaofeng Hongyuan collective fund trust plans to buy 7.1 million shares, totaling 67.4994 million shares.
In the semi annual report, Gao yixiaofeng wrote to the fund on the 2nd to reduce its holdings of 4.9499 million shares; Gaoyi Xiaofeng No. 1 Ruiyuan securities investment fund reduced its holdings of 2349900 shares; CITIC Trust Ruijin 43 Gao yixiaofeng investment collective fund trust plans to reduce its holdings of 2.75 million shares; In addition, CITIC Trust Ruijin 43 Gao yixiaofeng investment collective fund trust plans to increase its holdings of 3099800 shares.
It is found that Gaoyi assets reduced its holdings of 6.95 million shares in the second quarter. Since July 1, the shares of tin industry have risen by 40.15% and sold properly.

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