Group 1 - The core viewpoint of the article highlights the significant increase in tungsten prices since October, with various tungsten products experiencing substantial price hikes, indicating a strong market demand and supply constraints [1] - As of October 28, the price of black tungsten concentrate reached 288,000 yuan per ton, up 3,000 yuan from the previous trading day, while APT (Ammonium Paratungstate) prices rose to 425,000 yuan per ton, an increase of 7,000 yuan [1] - Tungsten powder prices also saw an increase, reaching 635 yuan per gram, up 5 yuan from the previous day, with prices having doubled compared to the beginning of the year [1] Group 2 - Huaxi Securities projects that tungsten prices will continue to remain high, with historical peaks expected, despite potential new supply from overseas that may take time to impact the market [1] - The current tight supply situation for tungsten is expected to provide support for prices, with future attention needed on the annual tungsten concentrate quota issuance [1] - Jiaxin International Resources, based in Kazakhstan, focuses on developing the Bakuta tungsten mine project, positioning itself to benefit from the rising tungsten prices [1]

Core Viewpoint - The stock of Jiexin International Resources (03858) has risen over 6%, driven by a significant increase in tungsten prices since October, with prices doubling compared to the beginning of the year [1] Company Summary - Jiexin International Resources is focused on developing the Bakuta tungsten mine project in Kazakhstan [1] Industry Summary - Tungsten products have seen a rapid price increase, with black tungsten concentrate quoted at 288,000 yuan/ton, up 3,000 yuan/ton from the previous trading day, and APT quoted at 425,000 yuan/ton, up 7,000 yuan/ton [1] - Tungsten powder prices have also increased to 635 yuan/gram, up 5 yuan/gram [1] - According to Huaxi Securities, tungsten prices have been consistently high since early 2025, reaching historical highs, with tight supply conditions expected to support prices in the future [1] - Although there is potential new supply overseas, it will take time to impact the market, and the current tight supply situation is expected to persist [1]

FF301 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10月31日 狀態: 新提交 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11月3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 | FF301 ...

Core Viewpoint - The tungsten sector's third-quarter reports have exceeded market expectations, leading to a significant increase in the stock price of Jiaxin International Resources [1] Company Summary - Jiaxin International Resources (03858) saw its stock price rise over 7%, currently trading at 39.22 HKD with a transaction volume of 53.51 million HKD [1] - The company is focused on developing the Bakuta tungsten mine project in Kazakhstan [1] Industry Summary - Xiamen Tungsten's third-quarter net profit attributable to shareholders reached 810 million CNY, a year-on-year increase of 109.85% [1] - China Tungsten High-Tech's third-quarter net profit excluding non-recurring items was 297 million CNY, up 725.45% year-on-year [1] - Recent price increases in the tungsten market include a 3.73% rise in black tungsten concentrate prices to 278,000 CNY/ton and a 3.70% increase in ammonium paratungstate prices to 406,000 CNY/ton [1] - The supply side is experiencing a reduction in tungsten concentrate mining quotas, leading to a slowdown in production and tightening circulation in the industry [1] - Domestic demand remains stable, primarily driven by essential procurement [1] - In late October, major companies announced long-term contract prices, with 55% black tungsten concentrate prices around 273,000 CNY/standard ton, supporting high price fluctuations [1]

Group 1 - The core viewpoint of the article highlights the strong performance of the tungsten sector, with companies like Xiamen Tungsten and China Tungsten High-Tech reporting significant profit increases in their third-quarter results [1] - Jaxin International Resources (03858) saw its stock price rise over 7%, currently trading at 39.22 HKD, with a trading volume of 53.51 million HKD [1] - Xiamen Tungsten reported a net profit attributable to shareholders of 810 million CNY for Q3, representing a year-on-year increase of 109.85% [1] Group 2 - China Tungsten High-Tech announced a non-deductible net profit of 297 million CNY for Q3, marking a year-on-year increase of 725.45% [1] - The price of black tungsten concentrate has increased by 3.73% to 278,000 CNY per ton, while ammonium paratungstate prices rose by 3.70% to 406,000 CNY per ton [1] - The supply side is experiencing a reduction in tungsten concentrate mining indicators, leading to a general slowdown in production and tightening circulation within the industry [1]

Core Viewpoint - Jaxin International Resources (03858) has seen a stock price increase of over 6%, currently trading at HKD 36.88, with a trading volume of HKD 22.0075 million, driven by a tight market for tungsten concentrate and rising prices [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 rising tungsten prices and potentially leading to rapid profit growth [1] Industry Summary - The tungsten concentrate market is experiencing a tight supply and strong pricing, with the price of 65% black tungsten concentrate reported at CNY 280,000 per standard ton, reflecting a week-on-week increase of 3.3% and a year-to-date increase of 95.8% [1] - The demand for tungsten is anticipated to grow due to several potential growth points, including its use in controlled nuclear fusion, where tungsten and its alloys are ideal candidate materials due to their excellent high-temperature performance, radiation resistance, and mechanical properties [1]

Core Viewpoint - Jiajin International Resources (03858) has seen a stock price increase of over 6%, currently trading at HKD 36.88, with a transaction volume of HKD 22.0075 million, driven by a tight market for tungsten concentrate and rising prices [1] Company Summary - Jiajin International's core asset is the Bakuta tungsten mine, which has already commenced production and is expected to increase output in the future, benefiting from rising tungsten prices and potentially leading to significant profit growth [1][1] Industry Summary - The tungsten concentrate market is currently characterized by a sellers' market, with a strong price performance. The price of black tungsten concentrate is reported at CNY 280,000 per standard ton, reflecting a week-on-week increase of 3.3% and a year-to-date increase of 95.8% [1] - The demand for tungsten is anticipated to grow due to several potential growth points, including its application in controlled nuclear fusion, where tungsten and its alloys are ideal materials due to their excellent high-temperature performance, radiation resistance, and mechanical properties [1][1]

Core Viewpoint - Jaxin International Resources (03858) has seen a significant stock price increase, rising nearly 250% from its IPO price of HKD 10.92 to a peak of HKD 38.16, driven by rising tungsten prices and strong market performance [1] Company Summary - Jaxin International Resources is a tungsten mining company based in Kazakhstan, with its core asset being the Bakuta tungsten mine, which is the largest open-pit tungsten mine globally [1] - The company has commenced production at its core asset and is expected to increase output in the future, benefiting from the rising tungsten prices [1] Industry Summary - Since March 2025, tungsten prices in China have been on a continuous upward trend, with a significant spike in August, reaching historical peaks in early September, resulting in a doubling of major tungsten product prices within the year [1] - The increase in tungsten prices is anticipated to lead to substantial profit growth for companies like Jaxin International Resources [1]

Core Viewpoint - The stock of Jiaxin International Resources (03858.HK) has increased by over 6%, indicating positive market sentiment towards the company [2] Group 1 - The stock price rose by 6.36%, reaching HKD 33.76 [2] - The trading volume amounted to HKD 98.6441 million [2]

Group 1 - The core viewpoint of the article highlights the significant increase in tungsten prices in China since March 2025, with a notable surge in August, reaching a historical peak in early September [1] - As of early September 2025, the price of 65% black tungsten concentrate rose from 143,000 yuan per ton at the beginning of the year to a peak of 288,000 yuan per ton, before slightly retreating to 271,000 yuan per ton, marking an approximate increase of 89.5% year-to-date [1] - The article mentions that Jaxin International Resources (03858) has seen its stock price rise over 6%, attributed to the favorable market conditions for tungsten [1] Group 2 - Jaxin International Resources' core asset is the Bakuta tungsten mine, which is the largest open-pit tungsten mine globally, possessing the highest designed tungsten production capacity among single tungsten mines [1] - The Bakuta tungsten mine has a resource volume of 107.5 million tons of tungsten ore with a grade of 0.211%, containing 22.7 thousand tons of WO₃, and a reserve of 68.4 million tons of tungsten ore with a grade of 0.206%, containing 14.08 thousand tons of WO₃ [1] - The company is expected to benefit from the rising tungsten prices, leading to a potential rapid growth in profits as production increases in the future [1]