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]
佳鑫国际资源涨近10%创新高 较招股价涨近2.5倍 公司为哈萨克斯坦钨矿开发商