China Grabs Superconducting Industry

Under the vigorous development of the smart grid, the superconducting material industry will start the industry at an early stage and the development speed will be as high as “10 times in ten years”. The Shanghai Securities News quoted the Huatai Joint Research Report as showing that in the next 10 years, with the addition of superconducting applications in China's power grid and non-grid markets, the market size will exceed 200 billion yuan (the same below).

The "12th Five-Year Plan" new material industry development plan shows that at present, China's new materials industry accounts for 15% of GDP, and it is expected that the growth rate will remain above 20% in the next few years. According to data from the international superconducting industry, last year, the world's superconducting power technology industry output value was about 7.5 billion U.S. dollars, and it is expected to reach 75 billion U.S. dollars by 2020, and it will soar 10 times in 10 years, attracting all parties in China to lay out superconducting industries one after another.

On the 27th, Yongding shares and Sino-Singapore Suzhou Venture Capital jointly established Suzhou Liding New Materials Co., Ltd., becoming the first company to develop second-generation superconducting wire rods in China; in the middle of this month, Shaanxi Western Superconducting Materials Company and Institute of High Energy Physics, Chinese Academy of Sciences Also signed a cooperation framework agreement to open the process of localization of special superconducting wires. In addition, the State Grid is planning to build a 1 km long, 110kv high-temperature superconducting cable demonstration project and plans to complete it in 2012.

The Shenyin Wanguo report pointed out that China’s resource advantages are demonstrated in the superconducting industry. From the point of view of the raw materials used for high-temperature superconducting materials, it is necessary to use rare and precious metals with China's advantageous resources. In particular, rare earth lanthanum in the second generation of YBCO (bismuth-copper-oxygen) is the major component of China's strategic resource of heavy rare earths. At the same time, China also holds 43% of the global embarrassment and is the largest reserve country.

When the superconducting industry began to heat up, the first draft of the "12th Five-Year Plan" for the new materials industry has been completed and opinions from all parties are being solicited. The plan clearly stated that key industries in the new materials industry include carbon fiber, semiconductor materials, superalloy materials, superconducting materials, high-performance rare earth materials, and nanomaterials that are urgently needed in such fields as aerospace, energy resources, transportation, and major equipment.

It is worth mentioning that the new material development plan will also give more support to industries such as industrial funds, financial discounts, and credit support for key industries. New material industries, including superconductors, will accelerate development. Cheng. Shenyin Wanguo believes that the relevant industrial chain with China's resource advantages will be further developed in the next 10 years.

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