每经AI快讯，佳鑫国际资源(03858.HK)涨超5%，截至发稿，涨5.25%，报37.68港元，成交额1279.65万 港元。 ...

Core Viewpoint - Jaxin International Resources (03858) has seen a stock price increase of over 5%, currently trading at HKD 37.68, with a transaction volume of HKD 12.8 million. The company is benefiting from a bullish trend in tungsten prices, which have significantly increased throughout the year [1]. Industry Summary - Since March, the price of tungsten concentrate in China has risen from CNY 142,000 per ton to a peak of CNY 288,000 per ton by September 10, before stabilizing around CNY 267,000. As of December 5, tungsten prices reached CNY 351,000 per ton, marking a year-to-date increase of 147% [1]. - The investment bank continues to maintain a positive outlook on the tungsten price bull market, anticipating a tight global supply of tungsten over the next 3-5 years, with strategic actions from various countries regarding tungsten resources being noteworthy [1]. - In terms of overseas supply, it is projected that only Kazakhstan and South Korea will contribute significant increments to global tungsten supply in the next 3-5 years [1]. Company Summary - Jaxin International Resources has announced that its Bakuta tungsten mine in Kazakhstan is set to commence commercial production in April 2025. The company plans to produce 3,638 tons, 10,900 tons, and 13,665 tons of tungsten concentrate (65% WO3 grade) in the second half of 2025, 2026, and 2027, respectively [1]. - The Bakuta tungsten mine is expected to account for approximately 4%, 7%, and 8% of global tungsten supply from 2025 to 2027 [1].

Core Viewpoint - The price of tungsten has seen significant fluctuations, with a notable increase of 147% year-to-date, reaching a high of 351,000 CNY per ton by December 5, indicating a bullish outlook for tungsten prices in the coming years [1] Company Summary - Jaxin International Resources (03858) experienced a stock price increase of 5.25%, reaching 37.68 HKD with a trading volume of 12.7965 million HKD [1] - The company is set to commence commercial production at its Bakuta tungsten mine in Kazakhstan in April 2025, with planned production of 3,638 tons, 10,900 tons, and 13,665 tons of tungsten concentrate in 2025, 2026, and 2027 respectively [1] - The Bakuta tungsten mine is projected to contribute 4%, 7%, and 8% to global tungsten supply from 2025 to 2027 [1] Industry Summary - Since March, the price of tungsten concentrate in China has risen from 142,000 CNY per ton to a peak of 288,000 CNY per ton by September 10, before stabilizing around 267,000 CNY [1] - The global tungsten supply is expected to remain tight over the next 3-5 years, with Kazakhstan and South Korea anticipated to be the main contributors to supply growth [1] - The bullish trend in tungsten prices is supported by strategic actions from various countries regarding tungsten resources [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 FF301 致：香港交易及結算所有限公司 公司名稱: 國際資源集團有限公司（於百慕達註冊成立之有限公司） 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01051 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | 本月底法定 ...

Core Viewpoint - The tungsten market in China is showing a strong upward trend as of November 2025, driven by a tight supply-demand balance and various positive factors, leading to significant price increases for tungsten concentrates [1] Company Summary - Jaxin International Resources (03858) has seen its stock price rise over 5%, currently at HKD 34.82, with a trading volume of HKD 16.3983 million [1] - The company, which went public on August 28, has experienced a stock price increase of 29% year-to-date, and a remarkable 359% increase based on its initial offering price, benefiting from its Bakuta tungsten mine in Kazakhstan [1] Industry Summary - The average price of 65% black tungsten concentrate reached CNY 322,100 per ton in November 2025, marking a 15.79% increase from October 2025 and a 124.50% increase year-on-year [1] - The average price of 65% white tungsten concentrate also saw a significant rise, reaching CNY 321,100 per ton, with a 15.85% month-on-month increase and a 125.37% year-on-year increase [1] - Factors contributing to the price increase include export controls, quota reductions, and a strong performance of major listed companies in the tungsten sector, which have outperformed the CSI 300 index [1]

Core Viewpoint - Jiajin International Resources (03858) has seen a significant stock price increase, attributed to rising tungsten prices and positive market dynamics [3] Company Summary - Jiajin International Resources' stock price rose over 8%, currently trading at 33.16 HKD with a trading volume of 24.58 million HKD [3] - The company's core asset, the Bakuta tungsten mine, is already in production with expectations for future output increases, benefiting from rising tungsten prices [3] Industry Summary - Tungsten prices are experiencing high volatility, with 65% black tungsten concentrate priced at 334,000 CNY per standard ton, up 133.6% from the beginning of the year, and 65% white tungsten concentrate at 333,000 CNY per standard ton, up 134.5% [3] - The supply side is tightening due to increased global reserves and China's implementation of total mining control, while the demand side is expected to grow due to diverse downstream applications [3] - The improvement in the supply-demand balance in the tungsten industry is likely to support high tungsten prices in the future [3]

Core Viewpoint - Jaxin International Resources (03858) has seen its stock price increase by over 8%, currently trading at 33.16 HKD, with a trading volume of 24.58 million HKD, driven by rising tungsten prices and positive market sentiment [1] Company Summary - Jaxin International Resources' core asset is the Bakuta tungsten mine, which has already commenced production and is expected to increase output in the future, benefiting from the rising tungsten prices [1] - The company is anticipated to experience rapid profit growth due to the upward trend in tungsten prices [1] Industry Summary - Tungsten prices are experiencing high volatility, with 65% black tungsten concentrate priced at 334,000 RMB per standard ton, up 133.6% from the beginning of the year, and 65% white tungsten concentrate priced at 333,000 RMB per standard ton, up 134.5% [1] - The supply side is tightening due to increased global reserves and China's implementation of total mining control, while the demand side is expected to grow due to diverse downstream applications, potentially supporting high tungsten prices [1]

Group 1 - The stock of Jiexin International Resources (03858) rose over 5% during the trading session, currently up 3.4% at HKD 32.22, with a trading volume of HKD 30.83 million [2] - The tungsten market continues to show a stable trend, with the price of 65% black tungsten concentrate reported at CNY 327,000 per standard ton, an increase of 128.7% compared to the beginning of the year [2] - The price of 65% white tungsten concentrate is reported at CNY 326,000 per standard ton, reflecting a 129.6% increase since the start of the year [2] Group 2 - According to Kaiyuan Securities, tungsten is a strategic metal in China, and its supply is constrained by resource depletion and environmental factors, along with national total control on tungsten mining, limiting production release [2] - The demand for tungsten is expected to remain tight due to emerging growth areas, which may lead to a continued upward trend in tungsten prices [2] - Beneficiaries of this trend include companies like Jiexin International Resources [2]

Core Viewpoint - The stock of Jaxin International Resources (03858) has seen a price increase, attributed to the stable performance of the tungsten market and rising prices of tungsten concentrates [1] Company Summary - Jaxin International Resources' stock rose over 5% during trading, currently at HKD 32.22, with a trading volume of HKD 30.83 million [1] - The company is positioned to benefit from the increasing demand for tungsten due to supply constraints and rising prices in the market [1] Industry Summary - The tungsten market continues to show a stable trend, with 65% black tungsten concentrate priced at CNY 327,000 per standard ton, up 128.7% since the beginning of the year [1] - The price for 65% white tungsten concentrate is reported at CNY 326,000 per standard ton, reflecting a 129.6% increase year-to-date [1] - Factors such as resource depletion, environmental regulations, and national control over tungsten mining contribute to limited tungsten supply, leading to a tight supply-demand balance and potential for further price increases [1]

Group 1 - Jiaxin International Resources (03858.HK) saw an afternoon increase of over 6% [1] - As of the report, the stock rose by 6.52%, reaching HKD 38.22 [1] - The trading volume amounted to HKD 52.45 million [1]