Core Viewpoint - Jaxin International Resources (03858) has seen its stock price increase by over 8%, currently trading at 33.16 HKD, with a trading volume of 24.58 million HKD, driven by rising tungsten prices and positive market sentiment [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 the rising tungsten prices [1] - The company is anticipated to experience rapid profit growth due to the upward trend in tungsten prices [1] Industry Summary - Tungsten prices are experiencing high volatility, with 65% black tungsten concentrate priced at 334,000 RMB per standard ton, up 133.6% from the beginning of the year, and 65% white tungsten concentrate priced at 333,000 RMB per standard ton, up 134.5% [1] - The supply side is tightening due to increased global reserves and China's implementation of total mining control, while the demand side is expected to grow due to diverse downstream applications, potentially supporting high tungsten prices [1]
港股异动 | 佳鑫国际资源(03858)涨超8% 钨价总体高位震荡运行 公司核心资产为巴库塔钨矿