Development status of ITO target industry in China

　　At present, due to the lack of core technology, the production scale of Chinese ITO target enterprises is still very small, which is basically in the stage of trial production or small batch production.

　　The global demand market for ITO target is mainly concentrated in Asian countries such as Japan, Korea and Mainland China, of which Chinese mainland accounts for more than 35% of the world's total demand. Benefiting from the rapid development of downstream industries such as flat panel display and touch screen, it is expected that the global demand for ITO targets will reach about 2500 tons by 2016, of which China's demand will account for more than 40%.

　　In addition to being affected by the supply and demand market, ITO targets are also directly affected by the raw indium market. 70% of the world's indium is used for ITO target production, but indium resources are scarce. The global basic reserves are only 16000 tons. At present, the global annual consumption is about 1400 tons, so the long-term supply is facing a bottleneck.

　　China is a large country of indium resources in the world, and its basic reserves account for 62% of the world. Due to the slow development of downstream deep processing industry, especially ITO target market, China's indium is exported in large quantities, while ITO target is highly dependent on import.

　　In recent years, due to the popularity of mobile terminals such as smart phones and tablet computers, the market demand for ITO targets has increased greatly, and the main raw material of ITO targets is rare metal indium. The consumption of indium in this field accounts for about 75% of the global indium output. At present, there are only 16000 tons of indium in the world, and about 10000 tons in China, accounting for 62% of the world. The next is 580 tons in Peru, 560 tons in Canada and 450 tons in the United States, accounting for 3.6%, 3.5% and 2.7% of the Global Holdings respectively. It can be seen from the comparison that indium is a resource with dominant reserves in China. Although the domestic indium storage is rich, the ITO target technology has been unable to make a breakthrough, becoming a supplier of indium metal raw materials for Japan and South Korea.

　　In order to break through the bottleneck of technology and production capacity and make effective use of indium resources, Chinese enterprises have accelerated the R & D and introduction of ITO target technology in recent years, and launched a number of high-end ITO target localization projects.