Global New Material International (06616) rose more than 6% in late trading. At the time of writing, the stock was up 6.34% to HK$7.88, with a turnover of HK$24.35 million. The increase follows recent news that the company's 100,000-ton annual capacity synthetic mica project in Tonglu County, Zhejiang Province, has held a ceremony marking the start of production preparations. This milestone signals the official entry into the operational readiness phase for the key new basic material production layout. The company stated that once the Tonglu project begins production, it will provide a stable supply of high-quality synthetic mica core materials for its global supply chain. This will effectively address challenges such as high procurement costs for natural mica and ESG-related purchasing premiums, strengthening self-sufficiency in raw materials, optimizing cost structures, and enhancing supply chain resilience. It is understood that a growing demand gap for high-end synthetic mica has become a clear industry trend, with synthetic alternatives to natural mica gaining broad consensus. Public information indicates that over 70% of global natural mica supply relies on India, and high-grade resources are increasingly depleted. Coupled with ESG issues associated with natural mica mining, international companies face rising procurement and compliance costs, highlighting the risks of high supply chain concentration and insufficient stability.