CITIC Securities: New opportunities in the upstream of the commercial aerospace industry chain, alloy materials.

CITIC Securities research report pointed out that, under the conditions of reusable iteration and the time limit resonance of satellite ITU, the launch and manufacturing have entered a rigid expansion, and there is a "multiplicative effect" on the material side. We are optimistic about the industrialization acceleration of four core materials: high-strength high-conductivity copper alloy, niobium alloy, tantalum alloy, and high-temperature alloy.