Core Viewpoint - The price of tungsten has seen significant fluctuations, with a notable increase of 147% year-to-date, reaching a high of 351,000 CNY per ton by December 5, indicating a bullish outlook for tungsten prices in the coming years [1] Company Summary - Jaxin International Resources (03858) experienced a stock price increase of 5.25%, reaching 37.68 HKD with a trading volume of 12.7965 million HKD [1] - The company is set to commence commercial production at its Bakuta tungsten mine in Kazakhstan in April 2025, with planned production of 3,638 tons, 10,900 tons, and 13,665 tons of tungsten concentrate in 2025, 2026, and 2027 respectively [1] - The Bakuta tungsten mine is projected to contribute 4%, 7%, and 8% to global tungsten supply from 2025 to 2027 [1] Industry Summary - Since March, the price of tungsten concentrate in China has risen from 142,000 CNY per ton to a peak of 288,000 CNY per ton by September 10, before stabilizing around 267,000 CNY [1] - The global tungsten supply is expected to remain tight over the next 3-5 years, with Kazakhstan and South Korea anticipated to be the main contributors to supply growth [1] - The bullish trend in tungsten prices is supported by strategic actions from various countries regarding tungsten resources [1]
港股异动 | 佳鑫国际资源(03858)涨超5% 巴库塔钨矿已进入商业化生产 中金称持续看好钨价牛市