Ac t i o n | 06 Oct 2026 02:35:58 ET │ 51 pages JX Advanced Metals (5016.T) JXAM in the longer run - upstream underpin of AI supply chain, expecting tight InP substrate supply/demand for many years CITI'S TAKE JXAM offers numerous upstream materials that underpin the AI supply chain. Moreover, its products are highly competitive and command high market shares. Among the company's focus businesses, semiconductor targets contribute the most to earnings, and we expect stable and high growth here. We think InP ...