CITIC construction investment: the thorium price center is expected to continue to rise

CITIC Securities Research Report stated that the global aerospace industry is developing rapidly, the equipment of military products in various countries is accelerating in the era of disorder, and the commercialization of controlled nuclear fusion is accelerating. The demand for "space metals" and "core metals" beryllium may undergo an exponential explosion in the future. Beryllium production is highly dependent on specific hydrothermal beryl and chrysoberyl ore deposits, presenting a monopolistic market dominated by American company Materion. The supply vulnerability is prominent. The demand prospects are extremely broad, the supply vulnerability is prominent, and the strategic attributes of beryllium are strong. The central price of beryllium is expected to continue to rise.