Core Viewpoint - The stock of Jaxin International Resources (03858) has risen over 6% in early trading, driven by strong demand and price increases in the tungsten market following the holiday period [1] Group 1: Company Performance - Jaxin International Resources' stock price increased by 5.12%, reaching 89.25 HKD, with a trading volume of 66.1346 million HKD [1] - The company is benefiting from a bullish market outlook as leading tungsten firms continue to raise long-term contract prices [1] Group 2: Industry Trends - The domestic tungsten market has shown a strong recovery post-holiday, with black tungsten concentrate prices reaching a record high of 733,500 RMB per standard ton, marking a year-to-date increase of 61.74% [1] - Ammonium paratungstate (APT) prices have also risen, with a year-to-date increase of 61.94% [1] - European tungsten market is experiencing a shortage in downstream inventory, contributing to a global price increase in tungsten [1] Group 3: Strategic Developments - Recent proposals from U.S. lawmakers to establish a "strategic resilience reserve" worth 2.5 billion USD may elevate tungsten's priority in overseas strategic stockpiling [1] - China's announcement regarding export controls on dual-use items to Japan and the U.S. military budget increase to 1.5 trillion USD for FY2027 may further support tungsten prices [1]
港股异动 | 佳鑫国际资源(03858)早盘涨超6% 节后钨企续提长单 海外或延续高备库支撑钨价进一步上行