Daily Brief Thematic (Sector/Industry): Semiconductors Just Beginning a Long Slide and more

In today’s briefing:

Semiconductors Just Beginning a Long Slide

Semiconductor revenues continue to fall. which appears to be a repeat of the collapse in 2019
Spot market prices, a leading indicator, are soft for both DRAM and NAND flash
It is likely that semiconductor revenues will end the year by returning to the trendline of their historical growth of 3.9%

Chinese miner Zhejiang Huayou Cobalt has clinched a deal with the Indonesian nickel unit of Brazilian mining giant Vale S.A. to build a second plant in the country
Huayou and PT Vale Indonesia Tbk plan to build the facility in Sorowako, Indonesia, where they will use the high-pressure acid leach (HPAL) process.
The plant was designed with an annual production capacity of around 60,000 tons of nickel in MHP form.

European customers have sparked a boom in Chinese exports of products such as electric blankets and heaters, as well as energy-intensive industrial goods
The cost of electricity on the continent has shot sky high due to embargoes on Russian gas imports by numerous European countries and the U.K. following its invasion of Ukraine
As a result, from January through July China’s exports of electric blankets to European countries jumped 97% year-on-year and electric heaters 23%

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