Core Viewpoint - The tungsten market in China is showing a strong upward trend as of November 2025, driven by a tight supply-demand balance and various positive factors, leading to significant price increases for tungsten concentrates [1] Company Summary - Jaxin International Resources (03858) has seen its stock price rise over 5%, currently at HKD 34.82, with a trading volume of HKD 16.3983 million [1] - The company, which went public on August 28, has experienced a stock price increase of 29% year-to-date, and a remarkable 359% increase based on its initial offering price, benefiting from its Bakuta tungsten mine in Kazakhstan [1] Industry Summary - The average price of 65% black tungsten concentrate reached CNY 322,100 per ton in November 2025, marking a 15.79% increase from October 2025 and a 124.50% increase year-on-year [1] - The average price of 65% white tungsten concentrate also saw a significant rise, reaching CNY 321,100 per ton, with a 15.85% month-on-month increase and a 125.37% year-on-year increase [1] - Factors contributing to the price increase include export controls, quota reductions, and a strong performance of major listed companies in the tungsten sector, which have outperformed the CSI 300 index [1]
港股异动 | 佳鑫国际资源(03858)涨超5% 钨价进入上行通道 公司巴库塔钨矿资源丰富