US Stock Market Move | Elmet Group (ELMT.US) debuts on the US stock market, opening with a more than 40% increase.

On Thursday, Elmet Group (ELMT.US) debuted on the US stock market, with the stock surging over 40% to $19.67 as of the time of writing. The IPO price was $14. Elmet focuses on manufacturing precision components and engineering systems using refractory metals such as tungsten, molybdenum, and niobium, combined with high-power microwave technology. Its products are suitable for applications in extreme high temperatures, strong electromagnetic fields, and other harsh operating environments, covering aerospace, defense, semiconductor equipment, medical devices, industrial systems, and energy infrastructure. The company's business includes material processing, machining, manufacturing assembly, and microwave engineering components, adopting a vertically integrated manufacturing model that can provide customized parts as well as deliver specialized system-level solutions.