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, 2023, indicating a bullish outlook for tungsten prices in the coming years [1]. Group 1: Company Overview - Jaxin International Resources (03858) has 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 volumes of 3,638 tons in 2025, 10,900 tons in 2026, and 13,665 tons in 2027, all measured at 65% WO3 content [1]. Group 2: Industry Insights - According to CICC, tungsten prices have risen from 142,000 CNY per ton in March 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 contribute the majority of supply increases [1]. - The Bakuta tungsten mine is projected to account for 4%, 7%, and 8% of global tungsten supply in 2025, 2026, and 2027, respectively [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