According to the CITIC Construction Investment Research Report, judging from the downstream demand structure for high-end zirconia, the solid state battery compound growth rate is expected to reach 76% in the next five years, and the SOFC compound growth rate will reach 26.6% in the next ten years. Emerging sectors will bring about a significant increase in demand for high-end zirconia. At the same time, zirconium has diversified application values in the clean energy industry, and there is outstanding room for growth. Since yttrium oxide is the most critical stabilizer for zirconia, due to the scarcity of rare earths, production capacity of leading global leaders such as Japan's Tosoh and Daiichi Dilute Element Chemistry has declined sharply, and China's high-end zirconia is ushering in rapid development opportunities.

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