Core Viewpoint - Jaxin International Resources (03858) has seen its stock price increase by over 80% this month, with a current price of 85.05 HKD and a trading volume of 71.99 million HKD, reflecting strong market interest in tungsten resources [1] Group 1: Market Dynamics - On January 19, the average price of tungsten powder reached 1.2 million CNY per ton, marking a daily increase of 15,000 CNY, which is a historical high [1] - A "rush for goods" has emerged in the spot market, with some downstream companies needing to increase prices by 20% to secure supplies, indicating extreme tension in supply and demand [1] - The market is exhibiting a "stair-step" price increase pattern, reflecting strong expectations for medium to long-term shortages [1] Group 2: Company Insights - Jaxin International Resources is a tungsten mining company headquartered in Kazakhstan, with its core asset being the Bakuta tungsten project [1] - First Shanghai believes the company is at a critical value release inflection point, possessing world-class core assets that lay the foundation for long-term growth [1] - The company is a rare pure tungsten mining target in the market, and its current stock price offers a high margin of safety and attractiveness [1]
港股异动 | 佳鑫国际资源(03858)再涨超7% 月内累涨逾八成 钨粉价格创下历史新高