On June 22, AXT Inc rose 5.58% in pre-market trading, trading at $89.13/share, with turnover of approximately $11.15 million.
On the news front, Reuters exclusively reported on June 19 that Chinese customs is strengthening scrutiny of indium metal exports. European buyers are now required for the first time to disclose end-user information, while North American buyer approval times have been extended from same-day processing to several days. China supplies nearly 70% of global indium, and 7N high-purity indium purification capacity is entirely domestic with no scaled overseas alternative. This development further reinforces the indium phosphide supply chain tightness narrative that has driven the stock in recent weeks.
As the leading U.S.-listed InP substrate producer, AXT Inc continues to benefit from supply chain scarcity premiums amid China's tightening export controls on InP and upstream high-purity indium, where export application rejection rates for U.S. and Japanese companies have exceeded 80%, creating a global InP capacity shortfall of over 70%. Additionally, the company's subsidiary Beijing Tongmei recently signed a long-term supply agreement with Nanjing Casela Technologies worth RMB 173 million for InP wafer substrates in 2027, locking in stable future revenue.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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