Kaixin (KXIN) shares were down 14% in recent Monday premarket activity, shaving the previous session's rise.

AXT (AXTI) stock was 13% lower after the company said it priced an underwritten public offering of 7.1 million shares at $12.25 each, raising about $87 million in gross proceeds.

Sibanye Stillwater (SBSW) shares were down 3.8% after Friday's gain.

Tesla (TSLA) stock was 1% lower after Reuters reported that the EV maker's value of 2023 supply deal with South Korean battery material producer L&F now stands at $7,386, down from an earlier estimate of $2.90 billion.