Xi’s Visit Boosts Rare Earth Stocks in China
May 22, 2019
Rare earth stocks in China soared on Tuesday May 21, with Hong Kong-listed China Rare Earth notching the biggest gain of 135% in history, after President Xi Jinping visited a rare earth enterprise in Jiangxi province on Monday May 20.
SMM learned that most rare earth producers held back from selling praseodymium-neodymium metal and oxide since Monday afternoon, suggesting optimism across the market.
Praseodymium-neodymium oxide was quoted 270,000-280,000 yuan/mt in morning trade, up from 260,000-263,000 yuan/mt on May 16.
Prices of rare earths have already received a boost from import restriction. Imports of rare earth-related commodities were halted from May 15 by Tengchong Customs in Yunnan province, the sole entry point for rare earth shipments from Myanmar to China.
Curbs on rare earth imports from Myanmar, together with tighter domestic regulations on environmental protection and higher tariffs on rare earth ore imports from the US are expected to bolster rare earth prices.
US dependence on imports of rare earths, which are used in weapons, cell phones, hybrid cars, and magnets, kept the industry in the spotlight during the trade dispute between Beijing and Washington. Data showed that Chinese materials accounted for 80% of rare earth metals and oxides that entered the US in 2018.
China set rare earth mining quota at 60,000 mt for the first half of 2019, down 18.4% year on year, the Ministry of Industry and Information Technology announced in March. The quota for smelting and separation was slashed by 17.9%, and stood at 57,500 mt.
---Content from SMM
Published on 05-21-2019
Trade War Shifts Electronics Production
May 16, 2019
The U.S. is showing steady growth in electronics production. Three-month-average change versus a year ago (3/12) in March 2019 was 6.2%, the 12th consecutive month of growth above 5%. China electronics production is decelerating, with March 2019 3/12 growth of 8.2%, similar to 8.3% in February. This marks the first time China electronics production growth has slowed below 10% since November 2016. The 28 countries of the European Union (EU) displayed a decline in 3/12 electronic production in December 2018 through February 2019 following volatile but mostly positive growth the prior two years.
Electronics production in key Asian countries is also a mixed picture. Taiwan now has the highest growth in the region, with March 2019 3/12 growth of 15%, the third consecutive month of double-digit growth. Taiwan has recovered from production declines in 2015 through 2017. Vietnam’s 3/12 growth slowed to 1% in April 2019 following strong growth over the last two years, hitting over 60% in December 2017. South Korea, Malaysia, Singapore and Japan are all experiencing declines in the last few months. Japan has been weak over the last year, while the other three countries had double-digit growth at some point in 2018.
What impact has the ongoing trade dispute between the U.S. and China had on electronics production? Looking at U.S. imports of electronic equipment in the first quarter of 2019 versus a year ago gives an indication of the trends. Overall U.S. imports of electronic equipment were $58.8 billion in 1Q 2019, down $2 billion or 3.4% from 1Q 2018. Imports from China were down $3.7 billion, or 11%. Imports from Mexico held steady at $10.9 billion. Vietnam has emerged as the third largest source of U.S. electronics imports, with $4.4 billion in 1Q 2019, up $2.2 billion or 95% from a year ago. Taiwan was the fourth largest source, with $2.2 billion, up 45% from a year ago. Thailand and most other countries showed a decline in U.S. electronics imports from a year ago. The steady growth of U.S. electronics production as shown above while imports have declined indicates some possible shift of electronics production back to the U.S.
Four years ago in February 2015 we at Semiconductor Intelligence wrote about the emergence of Vietnam as an electronics manufacturer. The U.S.-China trade dispute has accelerated the growth of Vietnam electronics production. Examples of the shift include:
· In April, LG Electronics announced it would cease production of smartphones in South Korea and shift manufacturing to Vietnam.
· The world's third largest producer of televisions, China's TCL, in February began construction of a major TV production facility in Vietnam.
· Key Tronic, a U.S.-based contract manufacturer, expects to shift some production from China to Vietnam with the opening of a new factory in Vietnam in July.
Taiwan has also benefited from the U.S. trade dispute with China. An April Bloomberg article states 40 Taiwanese companies are moving some production back to Taiwan from China, helped by incentives from the Taiwan government. These companies are investing US$6.7 billion and plan to create over 21,000 jobs.
Although the shift of electronics production from China to other Asia countries has been accelerated by the current trade dispute, the trend has been in place over the last few years. Multinational companies are moving production to Vietnam and other countries due to lower labor costs, favorable trade conditions and openness to foreign investment.
-- Content from semiwiki
by Bill Jewell
Published on 05-14-2019 05:00 AM
Thick Film Resistor Market Global Forecast to 2025
Apr 30, 2019
The thick film resistor market is projected to reach USD 615 million by 2025 from USD 435 million in 2018, at a CAGR of 5.06% during the forecast period. The thick film resistor market is primarily driven by the increasing demand for high performance electrical and electronic products, increasing adoption of 4G networks, and advanced technologies in automotive industry.
Thick Film resistor is expected to be the largest market, by technology, during the forecast period
Thick film resistor is estimated to dominate the global market from 2018 to 2025. The factors driving this market are the growing automotive industry, consumer electronics goods, and telecommunications products. Rising IC and electric & hybrid vehicles sales along with the government regulations to enhance fuel efficiency and safety standards have prompted the OEMs to install more electrical and electronic devices, which ultimately drives thick film resistor market in the automotive industry. Further, robust technological advancements in electronic goods and the increasing adoption of fast networks (4G/5G networks) across the globe have also spurred the demand for products with thick film power resistors. All these factors are expected to boost the thick film resistors market in coming years
Commercial vehicles are estimated to be the second fastest market for thick film and shunt resistors, by vehicle type, during the forecast period
Even though commercial vehicle has limited safety and luxury features as compared to passenger cars, regulatory authorities of different countries are making significant upgrades in regulatory norms for this vehicle segment. For instance, the European Union (EU) have made air conditioning system compulsory in all heavy vehicles from 2017, and HVAC and other safety features are also mandated for buses and coaches segment. Furthermore, by the end of 2019 all the heavy trucks must be installed with electronic logging devices (ELD) from the US Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA). The deployment of such regulations would increase the electronic devices installation which results in demand for more thick film and shunt resistors in this vehicle segment. These factors make the commercial vehicle segment to be the second fastest growing market for thick film and shunt resistors.
Hybric Electric Vehicles (HEV) is estimated to be the largest market for thick film and shunt resistor market from 2018 to 2025
HEV is estimated to lead the thick film and shunt resistors owing to its maximum application in the electric and hybrid vehicle segment. HEV has an internal combustion engine along with an electric propulsion system along with more installation of additional technologies such as regenerative braking, advanced motor assist, actuators, and automatic start/stop system. These technologies require more sophisticated electrical and electronic circuitry which are intended to provide additional auxiliary power. Thus, the installation of such technologies coupled with the increasing demand for HEVs will consequently boost the thick film and shunt resistor market.
Electrical and electronics is estimated to be the fastest growing market for thick film and shunt resistors, by end-use industry
The electrical and electronic industry is estimated to grow at the fastest rate, and the Asia Oceania region is expected to lead the market for this segment under the review period. According to German Electrical and Electronic Manufacturers’ Association (ZVEI Die Elektronikindustrie) statistics, electrical and electronics market for Asia, Europe, and America stood at nearly USD 3,229.3 billion, USD 606.1 billion, and USD 511.7 billion, respectively, in 2016. Owing to the increasing per capita income, urbanization, and standard of living, the demand for products such as personal computers, smartphones, tablets, notebooks, and storage devices has grown tremendously, especially in developing countries of Asia. Thick film and shunt resistors find application in these products as they offer satisfactory accuracy, precision, and performance at lower cost. Along with the rising demand for electrical and electronic products, the growth of thick film and shunt resistor market is also expected in the coming years.
Thick Film Resistor Market
Asia Oceania is expected to account for the largest market share during the forecast period
Asia Oceania is expected to hold the largest market share in the thick film and shunt resistor market during the period 2018–2025. The growth is attributed to the presence of a large number of automotive and consumer electronics manufacturers in this region. Moreover, the upcoming smart cities projects in Asia Oceania countries, which are inclusive of commercial and residential projects that demand electrical products like switchgears, energy meters, smart meters, and industrial machinery would drive the shunt resistor market in this region.
Key Market Players
Some of the key players in the air suspension market are Yageo (Taiwan), KOA Corporation (Japan), Panasonic (Japan), Vishay (US), ROHM Semiconductor (Japan), TE Connectivity (Switzerland), Murata (Japan), Bourns (US), TT Electronics (UK), and Viking Tech Corporation (Taiwan). Yageo adopted the strategies of new product development and acquisition to retain its leading position in the thick film resistor market; whereas, Vishay adopted acquisition as the key strategy to sustain its market position.
-- Content from MarketsandMarkets™
WMC at SEMICON China 2019
Mar 26, 2019
Here we again in Shanghai, SEMICHINA 2019!
Aiming at the "Power & Compound Semiconductor International Forum 2019", which is one of the largest professional event about power and compound semiconductor industry in Asia, will be organized in conjunction with SEMICON China 2019 on Mar.21-22, 2019 in Kerry Hotel at Shanghai.
The Forum contains a two-day program and focuses on topics including: Wide Band Gap Power Electronics, Optoelectronics, Compound Semiconductor in Communications, and Emerging Power Device Technology.
Through SEMI programs, communities, initiatives, market research, and advocacy, SEMI informs and coordinates its members and the industry, cultivates collaboration, drives action, and synchronizes innovation to speed business results. Regional and technology communities are connected in a pre-competitive forum for global collective action.