CITIC Securities: High-strength, high-conductivity copper alloys, niobium/tantalum alloys, high-temperature alloys, and related components will see a systematic increase in production volume.

Citic Securities pointed out that the period from 2026 to 2030 is a critical window for the commercial aerospace core materials to transition from "technology verification" to "mass industrialization". Under the high barriers of "material-first + process coordination", Citic Securities believes that high-strength, high-conductivity copper alloys, niobium/tantalum alloys, high-temperature alloys, and related components will experience systematic elastic growth. It is recommended to focus on the following main lines: 1. the integration of "engine + high-temperature end materials"; 2. the main line of "forged parts + metal 3D printing + investment casting parts"; 3. the main line of "radiation-resistant/spaceborne electronics". In the first coverage of the commercial aerospace alloy materials industry, Citic Securities has given a rating of "stronger than the market".