AXTI Expects Record InP Quarter
AXT Inc. expects its strongest-ever quarter for Indium Phosphide revenues driven by AI demand. The company's backlog exceeds $100 million, giving it high confidence in near-term execution.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Indium | China | FOB | USD 607.40/KG | May 2026 |
| Indium | Netherlands | CIF | USD 607.50/KG | May 2026 |
| Indium | USA | CIF | USD 607.52/KG | May 2026 |
| Indium | Brazil | CIF | USD 607.54/KG | May 2026 |
| Indium | Australia | CIF | USD 607.46/KG | May 2026 |
| Indium | China | FOB | USD 546.93/KG | April 2026 |
| Indium | Netherlands | CIF | USD 547.06/KG | April 2026 |
| Indium | USA | CIF | USD 547.02/KG | April 2026 |
| Indium | Brazil | CIF | USD 667.93/MT | April 2026 |
| Indium | Australia | CIF | USD 584.93/MT | April 2026 |
Stay updated with the latest Indium prices, historical data, and tailored regional analysis
AXT Inc. expects its strongest-ever quarter for Indium Phosphide revenues driven by AI demand. The company's backlog exceeds $100 million, giving it high confidence in near-term execution.
In Q2’26, Indium prices in China increased to ~RMB 3,734.16/kg in April and ~RMB 4,109.79/kg in May, showing a ~10.1% increase. The market recovered after early-quarter weakness as producer inventories declined and suppliers maintained firmer offers. China’s unwrought indium exports declined 46.34% year over year in April, reducing availability for overseas buyers and supporting regional pricing. Additional customs scrutiny on indium shipments increased delivery uncertainty, while reduced production from a Chinese indium producer further tightened supply conditions. Demand from ITO target manufacturers strengthened, with higher purchasing activity as producers replenished inventories. Electronics-related demand also improved, supported by growth in computer, communication and electronic equipment manufacturing. However, weaker solar-cell output and lower consumer electronics production limited broader demand growth. In the Netherlands, indium prices increased to ~EUR 466.50/kg in April and ~EUR 520.98/kg in the subsequent month, showing a ~11.7% increase. European markets were supported by reduced Chinese export availability and concerns over supply security. Semiconductor demand provided additional support, with stronger consumption from indium phosphide applications used in optical communication, lasers and high-speed data transmission. However, industrial demand remained moderate due to limited growth in broader manufacturing activity.
Analyst Insight
According to Procurement Resource, indium prices are expected to remain firm as supply uncertainty continues, although slower inventory replenishment and cautious buying may limit further increases.
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The prices of Indium experienced an increase in Q1'26, mainly due to tight supply conditions and bullish sentiment in Chinese exchanges. China, which provides almost 70% of the global production of indium, indicated that its exports decreased significantly, indicating constrained availability in international markets. Additionally, South Korea, contributing around 17% of global production, faced limited spot market availability, further tightening supply. Supply factors were rather limiting because indium is a byproduct of zinc production, hence inelastic to the ups and downs in the economy. On the demand side, strong drivers included growth in the semiconductor industry, clean energy applications, including indium tin oxide for highly efficient solar cells and electronics, and demand from other strategic sectors. For instance, the U.S. Defense Logistics Agency’s solicitation for purchasing up to $125 million in indium ingots.
Indium is known to be the softest metal which is not an alkali metal. In appearance, it is a silvery-white metal which resembles tin in appearance. It is a post-transition metal which makes up 0.21 parts per million of the earth's crust. Chemically, Indium is similar to gallium as well as thallium, and it is largely intermediate between the two in terms of its properties.
In
Integrated circuits, Sputtering, Thin film applications, Display screens
Indium, Elemental, Indium Atom, Metallic Indium
Umicore N.V, DuPont de Nemours, Inc.
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Indium can be recovered from fumes, dusts, slags, residues as even from alloys from zinc or lead-zinc smelting. Indium is manufactured exclusively as a by-product while processing of the ores of other metals. Its primary source materials are sulphidic zinc ores, where it is primarily hosted by sphalerite.

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