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]
佳鑫国际资源午后涨超7% 钨板块三季报超预期 公司为哈萨克斯坦钨矿开发商