JX Advanced Metals surges for first time in three sessions on plan to expand HDD magnetic sputtering target capacity

JX Advanced Metals Corporation <5016> shares rebounded sharply, snapping a three-session losing streak, after announcing on June 11 a phased expansion of production capacity for magnetic sputtering targets used in hard disk drive (HDD) media starting in the second half of fiscal 2026. The move drew buying from investors anticipating an earnings boost from increased supply volumes.

As generative AI proliferation drives a surge in data handled by data centers, demand for HDDs?which play a critical role as storage devices?is expected to expand over the medium to long term.

JX Advanced Metals, a long-time producer of magnetic sputtering targets essential for recording layer deposition, said it will progressively strengthen the supply framework at its Isohara plant. The company is also preparing capacity expansion plans for multiple products within its advanced materials business and will announce further details when finalized.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.