Core Viewpoint - The stock of Jiajin International Resources (03858) has risen over 5%, currently trading at HKD 31.98, driven by significant increases in tungsten prices and positive market sentiment [1] Company Summary - Jiajin International Resources is focused on tungsten ore resource development in Kazakhstan, with its core asset being the Bakuta tungsten mine, which has already commenced production [1] - As of the first half of this year, 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 WO [1] - The mine's reserves are reported at 68.4 million tons of tungsten ore, with a grade of 0.206%, containing 14.08 thousand tons of WO [1] - According to招商证券, the company is expected to benefit from rising tungsten prices, leading to a rapid increase in profits [1] Industry Summary - Recent reports indicate that tungsten prices have doubled this year, with significant increases in the prices of tungsten concentrate, tungsten powder, and tungsten carbide powder [1] - On Monday, tungsten prices continued to rise, although there are signs of increased resistance in the market, leading to a stalemate situation [1] - The price of 65% black tungsten concentrate is reported at 288,000 CNY per standard ton, reflecting a 101.4% increase since the beginning of the year [1]
佳鑫国际资源涨超5% 钨精矿价格年内实现翻番 公司核心资产为巴库塔钨矿