There are many types of copper foils. According to the application scenario, copper clad laminates (CCL) and copper foils for printed circuit boards (PCBs) are the most widely used areas of copper foil, and are also conventional copper foils.

In the special copper foil, it is mainly divided into copper foil for lithium battery, copper foil for flexible board and rubberized copper foil. Copper foil for lithium batteries is a major growth highlight of the copper foil industry in recent years. In 2014, China's lithium battery copper foil production was about 31,454 tons, accounting for 13.4% of total demand. At present, there are few enterprises producing lithium foil and copper foil in China, and the output is limited. The technical requirements of lithium foil copper foil are relatively high. Usually, the technical standard of 12μm or less is required. The lithium foil copper foil industry has become the main battlefield for domestic copper foil enterprises.

15 years of copper foil production statistics

China's copper foil production enterprises have a production capacity of about 300,000 tons and a production capacity of about 238,500 tons. In 2015, the global electrolytic copper foil production capacity was about 596,000 tons, and the output was about 427,000 tons.

15 years of global copper foil production capacity in major regions

Domestic copper plant production capacity (10,000 tons / year)

The technical route of lithium iron phosphate is generally 0.8 to 1 kg of copper foil/kWh, and the ternary technical route is 0.5 to 0.8 kg of copper foil/kWh.

According to statistics, the current capacity of the top 20 enterprises entering the fourth batch of catalogues is close to 40GWh. According to the expansion plans of these enterprises, the capacity at the end of 2016 may exceed 80GWh. It is predicted that the fourth batch of catalogues will be announced, and the national production capacity may be Up to 60GWh. That is, the demand for copper foil for power lithium battery is 32,000 tons to 48,000 tons, and it is expected to be no less than 64,000 tons in 17 years.

And 3C and other consumer lithium batteries are mainly ternary, global 3C consumption lithium battery is expected to be about 34GWh, copper foil demand is about 17,000 tons.

January 2016: In 2015, the global lithium-ion battery production reached 100.75Gwh, an increase of 39.45%; thanks to the new energy automobile industry, the proportion of power batteries has risen to 28.26% in 2015, becoming an important component of lithium batteries. section.

The price of copper foil is divided into electrolytic copper and processing fee.

Corresponding to the NORD copper foil profile:

Nord's copper foil subsidiary

Obviously, in the processing industry, after the processing fee reaches a certain turning point, the operating profit will leap.

According to Nord's data, it is estimated that (Norde 80% copper foil is used in lithium batteries) power lithium battery copper foil processing rate inflection point 3.5-3.6 million / ton. According to the current processing fee, NORD's 16-year copper foil segment will contribute about 130 million. And many brokers expect that the copper foil processing fee will increase to 60,000/ton in 17 and 18 years, then only the copper foil part of Nord's shares will contribute more than 700 million.

According to the difficulty of production capacity and expansion, the 1-2 year copper foil shortage cycle may have reached a consensus. The question now is whether the processing fee can rise back to the 60,000/ton or more of Gao Shuaifu.

At the end of 16 years, it is said that the copper production capacity of Nord's shares will reach 30,000 tons/year.

However, market speculation is often not a matter of performance predictions.

Let's take a look at Hong Kong stock copper foil

A-share copper foil listed company

Jiangxi Copper has a market value of 48.2 billion and a circulation market value of 28.9 billion. In the first half of the year, 108 institutions are waiting to lift the sedan. This unit generally does not exceed 1%.

Tongling is non-ferrous, with a market value of 24.7 billion, and a market capitalization value of 24.7 billion. In the semi-annual report, 103 institutions are waiting to lift the sedan. This unit generally does not exceed 1%.

Meiyan is auspicious, with a market value of 10 billion, a market capitalization of 10 billion, and a six-year report to six institutions. This stock has no more than 1% of this shareholder, once a monster.

Nord's shares, with a market value of 11.6 billion, and a market capitalization of 11.6 billion, are reported to 87 institutions in the first half of the year. The organization generally does not exceed 1%, and there is no absolute controller.

Then think: Jiangxi Copper has a large market value and benefits less; Tongling Nonferrous Copper Foil capacity is equivalent to Nord's shares, benefiting slightly less than Nord's shares, and the market value is 2 times that of Nord's shares; Meiyan's auspicious benefits are less The holding company has a small production capacity, but the shareholder structure is very interesting.

Recent news:

It is reported that on September 28th, the General Office of the People's Government of Wuhan Municipality issued the “Implementation Plan for the Promotion and Application of New Energy Vehicles in Wuhan in 2016”. The plan stipulates that Wuhan plans to promote 6,000 new energy vehicles in 2016.

On October 8, the Shenzhen Municipal Transportation Commission issued the "Implementation Opinions of the Shenzhen Municipal People's Government on Deepening Reform and Promoting the Healthy Development of the Taxi Industry (Draft for Comment)." By 2020, the taxis in Shenzhen will be replaced by electric taxis. At the same time, the requirements for electrification are also proposed for the network. At present, the total number of taxis operated in Shenzhen is about 15,000. It is estimated that the total number of taxis will reach 17,000 by 2020.

On October 8, Li Keqiang presided over the State Council executive meeting to confirm the further streamlining of government-approved investment projects. The meeting decided that, in principle, new traditional fuel vehicle manufacturers will no longer be approved.

So, when will the electric car return to speculation?

What will happen to the hype path?

Is the whole car leading the way or the industrial chain segmentation of the copper foil?

If the copper foil is a pioneer, then who is best to be the leader?

Will it be the other leader in the copper foil industry chain (the PCB CCL has a big increase)?

Personal ignorance, if the electric car is resurrected, it is likely to be the beginning of the copper foil, and the inside of the copper foil is obviously the Nod shares. It is obviously suitable for the speculation, the Nordic shares, the Tongling color, the Meiyan auspicious, and the most I am afraid that Meiyan is good for the stir-fry.

Mode locked series lasers are features of superior beam quality, best reliability, and the pulsed duration of mode-locked and picosecond Pulsed Laser could be less than 20 ps. Housed in compact packages, they are the perfect choice for design in and integration into OEM instrumentation and systems and also for end user applications in research and development. They are widely used in raman spectroscopy  marking, carving, material processing astronomy and scientific research optical instrument.