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]
港股异动 | 佳鑫国际资源(03858)涨超6% 钨矿价格再探28万关口 公司受益钨价上行