Since the beginning of this year, the development of industries such as new energy vehicles, energy storage, 5G, and data centers has continued to accelerate. Among them, electrolytic copper foil, as a basic material, is also in increasing demand driven by the market.
Electrolytic copper foil is mainly divided into two categories according to different applications, that is, copper foil for electronic circuits mainly used in PCB production and copper foil for lithium batteries used in lithium ion batteries. The main difference between the two types of products is the thickness. Because the standard PCB copper foil is thicker than the lithium battery copper foil, and the copper foil accounts for the lower cost of the lithium ion battery, the price is not sensitive, so the copper foil factory has more bargaining power, so the lithium battery copper foil The prices and profit margins are relatively better.
After 2015, the application of lithium-ion batteries ushered in tremendous changes, and the rapid growth of China's new energy automobile industry also stimulated the growth of demand for lithium battery copper foil. On the other hand, with the commercial launch of 5G in 2020, a large number of chips will be required for corresponding construction, which will also stimulate the rebound of the PCB copper foil boom.
At present, China's electrolytic copper foil product structure is surplus at the low end, and high-performance and differentiated electrolytic copper foil is the future development direction. In view of the production barriers and high value-added 4.4-6μm electrolytic copper foil, the production capacity in 2020-22 is expected to be about 44,000 tons, 74,000 tons and 99,000 tons, corresponding to the demand of about 36,000 tons, 60,000 tons and 100,000 tons. , The supply and demand pattern is expected to continue to improve.
As one of the leading companies in the copper foil industry, GDCH Electronic Materials Technology Group has been engaged in the R&D, production and sales of high-precision electronic copper foils, various types of copper clad laminates and other electronic substrates and printed circuit boards (PCBs). The integrated main business line of foil, special wood pulp, drilling, PP sheet, midstream CCL and downstream PCB.
GDCH is currently planning to build an electronic information industry base, and the first phase is planning to build a high-precision electronic copper foil project with an annual output of 20,000 tons.
GDCH is currently increasing its high-end capacity reserves, and has formulated a clear expansion plan for copper foil, CCL, PCB and other products, and continuously releases new capacity. In 2019, the company successfully developed RTF copper foil that can be used for 5G communications and has completed shipments. In addition, the company continues to advance the research and development progress of high-end copper foil, further enriching products in the field of high-end electronic circuit copper foil. At the same time, the second phase of the company's high-precision electronic copper foil engineering project is expected to start commissioning at the end of 2019. The project will increase the production capacity of about 8,000 tons of high-precision electronic copper foil, and the total production capacity will exceed 20,000 tons by then. Among them, lithium battery copper foil and high-speed copper foil are about 4000 tons each.