Group 1 - The core viewpoint of the articles highlights the significant rise in tungsten prices, with prices for tungsten powder (≥99.7%) reaching 1.01 million CNY per ton, an increase of 219.6% since the beginning of the year [1][2] - Jaxin International Resources (03858) has seen its stock price rise over 6%, reaching a new high of 45.8 HKD, driven by the bullish trend in tungsten prices and increased trading volume of 14.2566 million HKD [1] - The recent acceleration in tungsten price increases is attributed to supply contraction and adjustments in long-term contract prices as the year-end approaches [1] Group 2 - Jaxin International is focused on developing the Bakuta tungsten mine project in Kazakhstan, benefiting from top-tier resource endowments and rapid capacity release [2] - The current stock price of Jaxin International is viewed as a short-term reflection of tungsten price expectations, not fully capturing its long-term intrinsic value as a highly elastic investment in the context of the tungsten price upcycle [2] - Key variables that outline the long-term value of Jaxin International include production, price, and cost, which can be assessed through simple calculations to determine the company's true long-term value [2]
港股异动 佳鑫国际资源(03858)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