内容概要：次氧化锌是一种重要的无机化合物，因其独特的物理和化学特性，已在多个领域得到广泛应 用。如在橡胶工业中，次氧化锌作为活性剂和催化剂，可用于轮胎、汽车零部件、工业密封件等产品； 在涂料方面，次氧化锌广泛应用于防晒涂料、建筑涂料和船舶涂料等，主要用于提高涂层的耐候性、抗 紫外线能力和防腐蚀性能；在电子领域，次氧化锌作为半导体材料应用广泛，尤其是在LED(发光二极 管)和其他光电子器件中，其光电特性和半导体性能使其在显示技术和光电子学中有重要应用；在医药 和化妆品行业，次氧化锌主要用作皮肤护理产品的成分，如防晒霜和抗炎药物。随着下游领域的发展， 我国次氧化锌行业需求量不断上升，进而带动市场规模增长。2024年中国次氧化锌行业市场规模达到 150亿元，同比上涨25.0%；到了2025年中国次氧化锌行业市场规模增长至170亿元，同比上涨13.3%。 相关企业：鑫联环保科技股份有限公司、衢州市业胜金属材料有限公司、汉中锌业有限责任公司、韶关 凯鸿纳米材料有限公司、沅陵山能环保科技有限公司、贵港众兴氧化锌有限公司、湖南瑞兴锌业有限公 司、宁夏复盛新材料有限公司、江西鸿图锌业有限公司、个旧市达明威工贸有限责任公司、衡 ...

Core Viewpoint - The company primarily sources lithium resources from recycling and has not engaged in lithium mining projects [1] Group 1: Resource Management - The company can produce over 12,000 tons per year of cobalt metal from its nickel resource project in Indonesia, including its equity stakes [1] - Annually, the company recycles approximately 10,000 tons of cobalt domestically, which effectively supplements cobalt supply during the Democratic Republic of the Congo's cobalt embargo [1]

Group 1 - The company is continuously enhancing its recycling R&D innovations, developing new lithium processing technologies and achieving industry-leading recovery rates for nickel, cobalt, and lithium [1] - The self-sufficiency rate for nickel from laterite ore exceeds 80%, while the self-sufficiency ratio for cobalt is relatively low [1] - An increase in cobalt prices in 2025 is expected to positively impact the company's annual profits [1] Group 2 - The company is projected to process over 50,000 tons of retired batteries in 2024, with inquiries about the expected processing volume for the first half of 2025 [3] - The company has maintained the number one global market share for ternary precursors and cobalt tetroxide for five consecutive years, with questions regarding the current self-production ratios for nickel and cobalt [3]

Core Viewpoint - The collaboration between Huanlan Environment and Zhongzi Huan International aims to enhance cooperation in renewable oil trade, waste oil treatment, green energy, and biomass energy, contributing to national energy transition projects [1][2]. Group 1: Collaboration Details - Huanlan Environment's subsidiary, Huanlan Bioenergy Technology (Guangdong) Co., Ltd., signed a cooperation agreement with Zhongzi Huan International to deepen collaboration in various green energy sectors [1]. - The partnership is seen as a response to global environmental challenges and a commitment to green development, leveraging each party's strengths for resource sharing and maximizing the "technology + scenario" multiplier effect [1][2]. Group 2: Industry Context - Zhongzi Huan International is part of the China Resource Recycling Group, which focuses on promoting a green low-carbon circular economy in the Guangdong-Hong Kong-Macao Greater Bay Area [1][2]. - The collaboration aligns with China's "14th Five-Year" circular economy development plan and energy transition strategy, showcasing a strong alliance between industry leaders [2]. Group 3: Operational Insights - Huanlan Environment operates 19 kitchen waste treatment and animal harmless treatment plants nationwide, producing stable outputs of waste oil and biodiesel annually [2]. - The company has developed a smart collection system that enhances efficiency in waste collection, ensuring high collection rates and traceability in agricultural waste management [2]. Group 4: Technological Advancements - Huanlan Environment focuses on high-value conversion paths for waste oil, utilizing advanced refining processes to produce sustainable aviation fuel (SAF) and recycled plastic materials [3]. - The collaboration is expected to support national green development strategies and provide practical cases for the circular economy [3].

Core Insights - The article highlights the significant value of high-purity platinum wire (PT999), which has a recovery price of 292 RMB per gram, surpassing the average recovery price of gold at 289.67 RMB per gram as of August 2025 [1][7]. Application Scenarios - High-purity platinum wire is essential in various industrial sectors, including petrochemicals, where it serves as a core component of catalysts, significantly enhancing crude oil conversion rates and generating billions in economic value annually [2][6]. - In automotive exhaust systems, platinum wire plays a crucial role in converting harmful gases into harmless substances, with each vehicle meeting National VI standards containing 3-5 grams of platinum [2]. - The precision electronics field relies on platinum wire for high-precision resistors and thermal components, maintaining stable performance across extreme temperatures [6]. - In the renewable energy sector, platinum wire is vital for hydrogen fuel cells, with current vehicles consuming approximately 30 grams of platinum, over 60% of which is high-purity platinum wire [6]. Recovery Value - The recovery value of platinum wire is driven by its scarcity and irreplaceability, with platinum's crustal abundance being only 1/20th that of gold and extraction costs exceeding those of gold by over three times [7]. - As of August 2025, the recovery prices for different purities of platinum wire show a clear gradient: PT999 at 292 RMB/g, PT990 at 289 RMB/g, and PT950 at 277 RMB/g, reflecting the direct correlation with platinum content [7]. Price Mechanism - The formation of recovery prices is influenced by multiple factors, including international market fluctuations, with platinum prices peaking at 350 RMB/g due to increased demand from hydrogen fuel cells before stabilizing between 260-300 RMB/g [8][9]. - Recovery channels vary significantly, with banks typically offering lower prices than market rates, and regulatory support for compliant recovery businesses leading to higher quotes compared to the black market [8][10]. - Technological innovations, such as microwave pre-treatment, have improved recovery rates from 85% to 98%, significantly reducing processing costs and enhancing profitability [9]. Maximizing Value - Companies and individuals holding platinum wire waste should focus on three key aspects for optimal monetization: accurate purity detection, choosing legitimate recovery channels, and timing the market effectively [10]. - The article emphasizes the importance of monitoring government policies and market trends to capitalize on high price points, suggesting a phased selling strategy for larger holdings to mitigate market volatility [10]. Conclusion - The extensive applications of platinum wire across industries underscore its recovery value, which is further enhanced by sustainable practices and technological advancements, contributing to both economic returns and resource sustainability [11].

Core Viewpoint - The recycling of black powder from discarded lithium-ion batteries is emerging as a valuable resource, with significant implications for the global competition in the electric vehicle and battery industries [2][4][10]. Group 1: Resource Outflow Risks - In the first half of the year, China exported 1.06 million new energy vehicles, with a year-on-year increase of 71.3%, and the total weight of exported lithium-ion batteries reached 2.0872 million tons, up 72.62% [3]. - The production of power batteries in China reached 697.3 GWh in the first half of the year, a 60.4% increase, indicating a growing demand for raw materials [3]. - The reliance on foreign sources for key minerals like nickel, cobalt, and lithium is high, with dependency rates of 93%, 98%, and 63% respectively, posing a risk to resource security [4]. Group 2: Policy Changes and International Competition - China is opening its doors to the import of black powder, while the EU is tightening export regulations, marking the beginning of an international competition for this resource [6][8]. - The EU has prohibited the export of black powder and similar materials to non-OECD countries, complicating the situation for Chinese companies seeking to recover these resources [8][9]. - The value and scarcity of black powder are reflected in the contrasting policies of China and the EU, highlighting its strategic importance in the global market [9]. Group 3: Technological and Economic Considerations - The average lifespan of power battery products is 5 to 8 years, suggesting a surge in battery retirements around 2025, which will necessitate effective recycling strategies [5]. - The recovery of black powder can significantly reduce production costs by approximately 60% compared to extracting from primary minerals, enhancing the economic viability of the new energy vehicle industry [10][11]. - Domestic companies face challenges in technology and equipment, with a need to innovate and improve efficiency in black powder recovery processes to compete globally [13][14]. Group 4: Strategic Initiatives and Future Directions - Companies are encouraged to establish cross-regional resource recovery networks to enhance their capabilities in the competitive landscape [14][17]. - Collaborations with local firms in regions like the EU for battery recycling can provide a viable solution to the challenges posed by export restrictions [15][16]. - The focus on technological innovation and the establishment of a "green recycling" brand can help domestic companies gain a competitive edge in the international market [12][17].

智谷趋势Trend . 新中产的首席财富顾问 作者：子期 来源： 智谷趋势Trend （ID：yuanfangguanchaju) 当年扎堆进场的光伏项目，正在批量变成废品。 今年在农村，有一门"收废品"的生意正在悄然流行。一块废旧的光伏板，经过简单处理，拆解成玻 璃、铝、硅、铜等原材料，每吨光伏板的毛利润可达上千元。 以下文章来源于智谷趋势Trend ，作者子期 为什么回收光伏成了一门生意？因为很多地方的光伏设备，已经临近退休。 接下来几年，中国将迎来有史以来最大的光伏设备报废潮。根据光伏行业协会的测算，截至2023年， 我国累计退役的光伏设备约9万吨；2030年，累计报废量将达到150-200万吨；而到了2050年，累计报 废量将突破2000万吨。 光伏报废，可不是"丢垃圾"那么简单。事实表明，光伏废旧组件里含有的有害物质，如果处理不当， 将会严重污染周边土壤、空气和水源。 处理回收光伏设施，成了一项艰巨的任务，也蕴藏着新的商机。据测算，这是一门至少百亿级年产值 的生意。 01 光伏报废潮，可能比预想中来得还要早。 大约10年前，中国出现光伏装机量的大爆发，神州大地的农田、鱼塘甚至沙漠，到处都是光伏的影 ...