Core Viewpoint - Jaxin International Resources (03858) saw a significant increase of 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 - In the past two weeks, the price of black tungsten concentrate has risen by 9.76% to 371,000 CNY per ton, while ammonium paratungstate prices increased by 12.12% to 555,000 CNY per ton [1] - On the supply side, tungsten concentrate mining quotas have been reduced, leading to a general slowdown in production across mines, resulting in tighter industry circulation [1] - On the demand side, domestic demand remains stable, primarily driven by essential procurement, with a positive outlook for PCB tool demand [1] - Major domestic tungsten enterprises have raised long-term prices for early 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 continued upward trend in the tungsten industry chain throughout December [1] Company Summary - Jaxin International Resources 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] - It is estimated that the Bakuta tungsten mine will account for approximately 4%, 7%, and 8% of global tungsten supply from 2025 to 2027 [1]
佳鑫国际资源涨超8% 钨价再创新高 机构料全产业链延续上涨行情