Xin Lang Cai Jing·2025-09-18 00:33Core Viewpoint - The report from CITIC Securities indicates that the demand for iodine is expected to surge due to emerging needs such as perovskite solar cells and solid-state batteries, leading to a potential increase in iodine prices [1] Group 1: Emerging Demand - Iodine is a necessary component in perovskite photovoltaic materials, with mainstream manufacturers using iodine-based materials. CITIC Securities estimates that approximately 10 tons of iodine are required for 1 GW of perovskite solar cell modules [1] - Iodine is also an important additive in sulfide solid electrolytes, with companies like Dingsheng Technology and Yuyuan Group actively promoting its use. CITIC Securities estimates that around 90 tons of iodine are needed for 1 GWh of solid-state batteries [1] Group 2: Supply Dynamics - The supply of iodine is relatively rigid due to constraints from overseas giants, while traditional demand from pharmaceuticals and display panels remains stable, making iodine prices more likely to rise than fall [1] - CITIC Securities predicts that once the emerging demand is fully realized, iodine prices are likely to increase significantly [1] Group 3: Investment Focus - Companies with high-quality iodine recovery capacity, large-scale hydrogen iodide production capacity, and overseas iodine mining rights are recommended for investment focus [1]