Core Viewpoint - Jaxin International Resources (03858) has seen its stock price increase by over 8%, currently trading at 41.8 HKD, with a transaction volume of 28.7073 million HKD, driven by rising tungsten prices and positive market sentiment [1] Industry Summary - The price of black tungsten concentrate has risen by 9.76% to 371,000 CNY per ton, while ammonium paratungstate prices have increased by 12.12% to 555,000 CNY per ton [1] - Supply-side constraints are evident as tungsten mining quotas are being reduced, leading to a general slowdown in production across mines, tightening industry circulation [1] - On the demand side, domestic demand remains stable, primarily driven by essential procurement and a favorable outlook for PCB tool demand [1] - Major domestic tungsten enterprises have raised long-term prices for the first half of December, boosting market bullish sentiment [1] - According to Zhongyou Securities, the supply-demand imbalance in tungsten prices is expected to persist in the short term, with an anticipated continuation of the upward trend in the tungsten industry chain throughout December [1] Company Summary - Jaxin International Resources has announced that its Bakuta tungsten mine in Kazakhstan is set to commence commercial production in April 2025 [1] - The company plans to produce 3,638 tons, 10,900 tons, and 13,665 tons of tungsten concentrate (65% WO3 grade) in the second half of 2025, 2026, and 2027, respectively [1] - The estimated contribution of the Bakuta tungsten mine to global tungsten supply is projected to reach 4%, 7%, and 8% for the years 2025, 2026, and 2027, respectively [1]
港股异动 | 佳鑫国际资源(03858)涨超8% 钨价再创新高 机构料全产业链延续上涨行情