CITIC Construction Investment: Rapid development opportunities ahead for nanometer zirconia.

The report by CITIC Securities Research Institute stated that, from the perspective of downstream demand structure of high-end zirconia, it is expected that the compound growth rate of solid-state batteries in the next five years will reach 76%, and the compound growth rate of SOFC in the next ten years will reach 26.6%. Emerging fields will bring about a significant increase in demand for high-end zirconia. At the same time, zirconium has diversified application value in the clean energy industry, with prominent growth potential. As yttrium oxide is the most critical stabilizer of zirconia, and is restricted by rare earth shortages, global leaders such as Japan's Tosoh and First Rare Earth Chemical have significantly reduced their production capacity, creating a high-speed development opportunity for China's high-end zirconia.