Core Viewpoint - The stock of Jaxin International Resources (03858) has surged over 6%, reaching a new high of 45.8 HKD, driven by rising tungsten prices and strong market interest in the company [1] Group 1: Company Overview - Jaxin International is a tungsten mining company based in Kazakhstan, focusing on the development of the Bakuta tungsten project [1] - The company is recognized for its top-tier resource endowment, collaboration with state-owned enterprises, rapid capacity release, and future cost advantages, making it an attractive investment in the capital market [1] Group 2: Market Dynamics - As of December 18, tungsten concentrate, ammonium paratungstate, and tungsten powder prices have continued to rise, with tungsten powder (≥99.7%) reaching 1.01 million CNY per ton, a 219.6% increase since the beginning of the year [1] - Domestic tungsten powder prices (≥99.7%) have also increased to 1.045 million CNY per ton, with a noticeable acceleration in the price increase compared to November [1] - The recent surge in tungsten prices is attributed to supply contraction as the year-end approaches and adjustments in long-term contract prices [1] Group 3: Investment Potential - Jaxin International is viewed as a highly elastic investment opportunity in the context of the ongoing tungsten price surge, with potential for significant long-term value that is not yet fully reflected in its current stock price [1] - The long-term intrinsic value of Jaxin International is primarily determined by three core variables: production, price, and cost, which can be assessed through simple calculations to anchor the company's true long-term value [1]
佳鑫国际资源涨超6%创新高 钨粉年内暴涨超220% 公司有望显著受益钨矿涨价大周期