电子气体竞争格局 在全球电 子 气体市场中 ， 欧美日企 业 占据主导地位 。 点击 最 下方 关注《材料汇》 ， 点击"❤"和" "并分享 添加 小编微信 ，寻 志同道合 的你 正文 (建议点击图片放大，如需报告全文或excel表参考文末) 一、欧美电子气体主要企业 全球电子气体市场份额占比（按销售额） | | | 欧美电子气体主要企业 | | --- | --- | --- | | 陸号 | 企业名称 | 主要业务情况 | | 1 | 德国 / 爱尔兰林德集团 | 2018 年与普莱克斯合并成为全球工业气体龙头,涵盖化工与能源、医疗健康、制 | | | | 造业、金属与开采、食品饮料、电子等六大业务条线，提供氧气、氮气、氩气、 | | | (Linde) | 氢气、二氧化碳等基础工业气体以及覆盖半导体全产业链的高纯电子气体，2024 | | | | 财年营收 330 亿美元、气体业务营收占比 90% 以上，电子行业营收占比 9%、 | | | | 约为 30亿美元,中国大陆有多个基地。 | | 2 | 法国液化空气 (Air | 涵盖大工业（冶金、石化及能源）、通用工业（汽车、食品、建筑、玻璃、金属 | ...

格隆汇12月16日丨雅克科技(002409.SZ)在互动平台表示，公司电子特气业务的产品主要为四氟化碳和 六氟化硫，没有六氟化钨产品。 ...

格隆汇12月16日丨雅克科技(002409.SZ)在互动平台表示，公司电子特气业务的产品主要为四氟化碳和 六氟化硫，没有六氟化钨产品。 ...

Group 1 - The weakening of US dollar credit and the trend of de-dollarization are driving the long-term logic for gold investment, with countries like Cambodia increasing their gold reserves [1][2] - The AI industry chain is continuously extending, with opportunities in upstream storage chips and energy storage, as lithium battery demand is expected to grow over 30% [1][2] - The policy clearly supports the deep integration of AI and manufacturing, promoting "intelligent industrialization" and "industrial intelligence" [1][3] Group 2 - The recent actions of central banks to increase gold reserves reflect a strategic consideration for diversification and de-dollarization in the current global macro environment [2] - In the storage chip sector, major manufacturers have suspended DDR5 product pricing, leading to a potential supply shortage and price increases expected by the end of this year [2] - The price of key semiconductor material tungsten hexafluoride (WF6) is set to rise by 70% to 90% due to the rapid increase in tungsten raw material prices, impacting chip manufacturing costs [2] Group 3 - The Ministry of Industry and Information Technology emphasizes the need for dual empowerment of AI innovation and manufacturing applications, enhancing both technology supply and application integration [3] - Investment opportunities are identified in the AI and computing power upstream and downstream industry chains, including non-ferrous metals, energy storage, battery manufacturing, and chemical materials [3]

Core Viewpoint - The company has terminated the implementation of the hexafluorotungsten project, which was initially planned with a total investment of 150 million yuan and a production capacity of 500 tons per year [1] Group 1: Project Status - The hexafluorotungsten project has been under construction for over two years but has not progressed, as the company has stated it is not engaged in the production or sales of hexafluorotungsten [1] - The company currently focuses on the production and sales of trifluorine nitrogen instead [1]

Core Viewpoint - The semiconductor industry is facing a critical shortage of essential raw materials, which poses a significant risk to the growth and stability of the trillion-dollar sector. This shortage is driven by geopolitical tensions, increased demand from AI and other technologies, and supply chain disruptions [4][5][24]. Group 1: Current Material Shortages - The semiconductor industry is experiencing a collective shortage of multiple raw materials, including gallium, indium phosphide, germanium, tungsten hexafluoride, and high-purity silicon, which are crucial for chip manufacturing [5][6]. - Gallium prices have surged over 40% in Europe due to export controls from China, leading to extended delivery times and reduced inventory at chip manufacturers [8][9]. - Indium phosphide is in severe shortage due to skyrocketing demand from AI applications, with some buyers willing to pay any price for available supplies [10][12]. Group 2: Price Increases and Supply Chain Impact - Germanium prices reached a 14-year high, with a price increase of over 350% since early 2023, driven by supply constraints and surging demand from low-orbit satellites and AI computing [13]. - Tungsten hexafluoride prices are expected to rise by 70% to 90% due to increased tungsten prices, which have doubled since early 2023, impacting chip manufacturing costs significantly [14][15]. - The shortage of high-end PCB materials, driven by a 50% year-on-year increase in demand for AI servers, is causing supply constraints for advanced chip packaging [16][17]. Group 3: Geopolitical and Policy Influences - The global semiconductor materials shortage is exacerbated by national security policies, with countries implementing export controls and strategic reserves to secure their supply chains [19][20]. - The U.S. is heavily reliant on China for gallium, with domestic production capabilities limited, leading to increased efforts to develop recycling technologies to mitigate shortages [8][9][19]. - China's export restrictions on key metals have led to a significant reduction in global supply, prompting other nations to seek self-sufficiency in critical materials [19][23]. Group 4: Long-term Industry Implications - The ongoing material shortages are likely to extend the technology iteration cycle in the semiconductor industry, delaying advancements in chip manufacturing and product releases [22]. - The shift towards regional self-sufficiency in semiconductor materials may lead to a bifurcation of the global supply chain, with a clear divide between China-led and U.S.-led technology ecosystems [23][24]. - The semiconductor industry's future will require a focus on resource management and innovation in recycling and alternative materials to address the challenges posed by limited raw materials [24][25].

Core Insights - The tungsten market has experienced a significant price surge, with major tungsten products reaching historical highs, driven by increased demand and supply constraints [1][2][3] Price Trends - Tungsten powder prices have surpassed 700,000 CNY/ton, currently at 710,000 CNY/ton; ammonium paratungstate (APT) is priced at 462,000 CNY/ton, while black and white tungsten concentrates are at 312,000 CNY/ton and 311,000 CNY/ton respectively, each increasing by 2,000 CNY from the previous trading day [1][2] - Year-to-date price increases for major tungsten products have exceeded 100%, with black tungsten concentrate rising by 118.18%, APT by 118.96%, and tungsten powder by 124.68% compared to the beginning of the year [1][2] Supply and Demand Dynamics - The tightening supply situation is expected to continue, with the Ministry of Natural Resources and the Ministry of Industry and Information Technology indicating a reduction in tungsten mining quotas for 2025, down to 58,000 tons, a decrease of 4,000 tons or 6.45% year-on-year [2][3] - The demand for tungsten has been bolstered by increased production in sectors such as photovoltaics and automotive, leading to a tight market balance [2][3] Industry Performance - Companies in the tungsten sector have reported strong financial results, with Zhongtung High-tech achieving a revenue of 12.755 billion CNY in the first three quarters, a year-on-year increase of 13.39%, and a net profit of 846 million CNY, up 18.26% [2] - Other companies like Xianglu Tungsten and Luoyang Molybdenum have also shown impressive performance, with net profits increasing by 259.65% and 72.61% respectively [2] Market Outlook - Analysts predict a favorable supply-demand balance for tungsten, with strong pricing support from supply constraints and resilient demand from downstream industries [3] - The tightening of mining quotas and limited new capacity are expected to reinforce the bullish outlook for tungsten prices [3]

Core Viewpoint - The company and its subsidiaries are currently not producing hexafluorotungsten and have not engaged in related business activities [1] Company Summary - The company, 凯美特气 (002549.SZ), has confirmed through its investor interaction platform that it does not produce hexafluorotungsten as of now [1]

Core Viewpoint - The company, Kaimete Gas (002549.SZ), has confirmed that it currently does not produce hexafluorotungsten and has not engaged in related business activities [1]. Group 1 - The company responded to investor inquiries on its interactive platform, stating that it and its subsidiaries are not involved in the production of hexafluorotungsten as of now [1]. - There is a discrepancy between the company's statements and market rumors regarding the production capacity planning for hexafluorotungsten at its Yueyang base [3]. - The company has not disclosed any technical reserves for the production of hexafluorotungsten or a timeline for potential production [3].

Core Viewpoint - The company, Guanghua Technology, confirmed that it does not produce tungsten hexafluoride and lithium hexafluorophosphate products [2] Company Information - Guanghua Technology (002741.SZ) responded to an inquiry on the investor interaction platform regarding the production of specific chemical products [2]