Group 1 - The core stock of Jaxin International Resources (03858) has seen a significant increase, rising over 9% and currently trading at 79.5 HKD with a transaction volume of 115 million HKD [1] - On February 4, the average price of tungsten powder reported by Changjiang was 1,545,000 RMB per ton, marking a substantial increase of 25,000 RMB from the previous trading day, reaching a recent price high [1] - Jianghai Securities published a report indicating that multiple factors such as tightening resource endowments, extended development cycles, and insufficient capital investment are reinforcing the rigid constraints on tungsten supply, establishing a solid foundation for a long-term price increase [1] Group 2 - Jaxin International Resources is a tungsten mining development company headquartered in Kazakhstan, with its core asset being the Bakuta tungsten project [1] - First Shanghai believes that 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 considered a rare pure tungsten mining target in the market, with its current stock price offering a high margin of safety and attractiveness [1]
佳鑫国际资源逆市涨超9% 供给收缩支撑钨价不断走高 公司为稀缺的纯钨矿标的