Siu Han, Taipei; Adam Hwang, DIGITIMES [Tuesday 2 July 2013]
Prices for sapphire ingots in the third quarter of 2013 are expected to increase by 15-20% on quarter mainly due to growing demand from LED makers and China-based smartphone vendors, according to Taiwan-based supply chain makers.
Prices for 2-inch sapphire ingots rose from US$3/mm in May 2013 to US$3.30/mm in June and have further risen to US$3.80/mm currently, the sources indicated. Among sapphire ingot suppliers, Taiwan-based USI Optronics has upward adjusted prices by 20%, Russia-based Monocrystal by 10% and US-based Rubicon by 15%, the sources noted.
In addition to continued growth in demand from LED epitaxial wafer and chip makers, some China-based smartphone vendors will adopt camera lens protection covers made from sapphire in the second half of 2013, causing China-based sapphire wafer suppliers to procure sapphire ingots in large volumes, the sources said.
Sapphire wafer makers are expected to hike prices to reflect increases in the cost of sapphire ingots, but hikes in the price of sapphire wafers will be relatively small, the sources indicated.
Good post! Just the info that needs to be shared .... not the constant stuff about "manipulation" and short selling... and yet that's one of the very reasons why GTAT is so attractive and potentially explosive, ie 40% of the float is shorted. Anyone get a piece of TSLA? Now you know why you're here!
If you don't want your shares loaned to a short seller, put them in a cash-only type account or get your stock certificate.
dano : I do not think you understand that the greater the number of shorts there are in a stock the more bullish the stock becomes. On average the shorts loose . If the odds were in their favor brokerage houses would not allow shorting (it would not be profitable for them).