On June 22, AXT Inc rose 9.1% in regular trading, trading at $89.14/share, with turnover of $207 million.
On the news front, Reuters reported on June 19 that Chinese customs authorities have intensified scrutiny of indium metal exports. European buyers were required for the first time to disclose end-user information, while North American buyer approval times were extended from same-day processing to several days. China supplies nearly 70% of global indium, and 7N high-purity indium refining capacity is entirely concentrated domestically, with no scalable alternative capacity overseas. This development further reinforces the global indium phosphide supply chain shortage expectation.
As the leading U.S.-listed InP substrate manufacturer, AXT Inc continues to benefit from material scarcity premiums. Additionally, the semiconductor equipment sector strengthened broadly, with Teradyne up 3.54%, KLA-Tencor up 2.85%, and Lam Research up 2.59%, providing sector-level support.
(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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