Finance
Shanghai Sinyang (SZSE:300236): A Wet-Chemicals Compounder Priced as a Photoresist Bet
Sinyang's copper-plating and wet-clean franchise drives real earnings; its ArF photoresist is qualification-stage optionality, not scaled revenue.
Industry
Space
China's Commercial Space Industry Across LEO, GEO, and Cislunar: Guowang, Qianfan, Reusable Launch, and State-Directed Market Structure
China has filed for nearly 200,000 satellites. Two megaconstellations, zero proven reusable rockets, and a market that isn't quite commercial.
Batteries
Sodium-Ion Batteries in 2026: Cost Reality vs. LFP, CATL's Naxtra, and the Hard Carbon Bottleneck
China holds 95%+ of sodium-ion capacity. CATL's Naxtra hits 175 Wh/kg. Yet at 2026 prices, SIB cells still cost more than LFP.
Magnets
Samarium-Cobalt vs Neodymium Magnets (SmCo vs NdFeB): Performance, Cost, and Aerospace Applications
NdFeB offers double the energy product at lower cost; SmCo holds performance to 350°C. When to choose each for aerospace and high-temp design.
Space
What Is SpaceX Starfall? Inside the Disk-Shaped Cargo-Return Capsule SpaceX Just Launched
A briefing on SpaceX Starfall, the disk-shaped reentry capsule now competing with Varda to return cargo from orbit.
Minerals
Global Platinum Supply Chain: Production, Deficit, Market Dynamics, and Strategic Risk
South Africa mines 71% of the world's platinum, a market now in record deficit. We map the supply chain, its risks, and the demand transition.
Energy
Boiling Liquid CO2 as a Turbine Working Fluid: Can It Replace Steam?
CO2's 31°C critical point makes condensing CO2 turbines feasible only with cold sinks. Why sCO2 Brayton (10 MWe STEP Demo) leads the field.
Rare Earth
Mountain Pass Rare Earth Mine: Can MP Materials Rebuild America’s Mine-to-Magnet Supply Chain?
Mountain Pass and MP Materials are rebuilding a U.S. rare-earth-to-magnet chain, but China, costs, and heavy rare earths remain the test.
Semiconductors
What Comes After 0.33-NA EUV? High-NA, Multipatterning, and Nanoimprint in the Sub-8nm Patterning Roadmap
0.33-NA EUV stops near 13nm half-pitch. High-NA, multipatterning, or nanoimprint? Inside the sub-8nm patterning cost decision.
Space
Microgravity Drug Crystallization: How Merck's ISS Research Informed Keytruda's Subcutaneous Reformulation
Merck grew Keytruda crystals on the ISS for a decade. Uniform 39μm microgravity particles helped inform a 2025 FDA-approved injectable Keytruda.
Photonics
The Silicon Photonics Supply Chain: SOITEC, Fabrinet, and the Photoresist Bottlenecks Behind Optical Interconnect
One French firm makes 90%+ of photonics-grade SOI; Japan makes 91% of photoresist. Mapping the bottlenecks behind optical computing.
Deepsea
Underwater Acoustic Target Recognition: 2026 Strategy Report
Intelligence report on lightweight hybrid attention networks for underwater acoustic target recognition: ShipsEar, DeepShip, AUKUS, Replicator.