比黄金更升值，比稀土更稀缺，9月降息的最大赢家居然是它， 它就是金属铟！ 如果你错过了从5.66涨至13.57的洛阳钼业，也错过了24元涨至58元的北方稀土， 接下来这家AI算力革命催生的"金属新贵"，直接受益于1.6T光模块渗透率提升！ 当市场还在惊叹稀土、黄金价格的涨幅时，金属铟已经悄然完成了更惊人的价值跃迁！ 要知道，全球已探明的金属铟储量仅1.6万吨，稀土储量则高达1.2亿吨，换句话说，铟的稀缺程度是稀土的100倍以上 过去五年铟价从1200元/千克飙升至2025年的4000元/千克，累计涨幅高达233%，远超同期黄金33%的收益率， 成为这轮科技革命浪潮中最耀眼的"金属新贵"。 可以说，这场价格狂飙的背后，是AI算力爆发催生的战略性短缺与全球供应链重构的深刻变革。 首先，英伟达Quantum-X交换机的量产引发"铟需求海啸"，单台设备需配备18个硅光引擎，单个1.6T光引擎对磷化铟衬底面积需求较800G模块提升300%以 上， 它对于光通信和AI芯片来说都是"不可替代元素"，美国几乎100%依赖进口，正是因此，我国才会选择在今年2月限制金属铟的出口，以此来对冲美的关税制 裁！ 国内这四家金属铟头部企 ...

Core Viewpoint - The company acknowledges the increasing demand for indium phosphide (InP) substrates driven by the growth in the optical communication market, while also confirming that InP is subject to export controls as per national regulations [1] Group 1: Market Demand and Supply - The market demand for InP substrates has significantly increased due to the rising prosperity of the downstream optical communication sector [1] - There is a reported shortage of InP, with downstream buyers expressing a willingness to purchase regardless of price [1] Group 2: Export Regulations - InP substrates are classified under export control items according to the announcement by the Ministry of Commerce and the General Administration of Customs on February 4, 2025 [1] - The company has complied with national laws and regulations by applying for the necessary export licenses for products under export control [1] - A subsidiary of the company, Xinyao, has received approval for certain orders after following the required reporting procedures [1]