HK Stock Market Move | JIAXIN INTL RES(03858) rose more than 7% to a new high, with black tungsten ore breaking through 50,000 yuan. Multiple tungsten enterprises have raised long-term quotation prices.

JIAXIN INTL RES (03858) rose more than 7%, reaching a high of 68.8 Hong Kong dollars, hitting a new historical high. As of the time of writing, it has risen by 7.5% to 68.8 Hong Kong dollars, with a trading volume of 28.0872 million Hong Kong dollars. On the news front, as we enter 2026, tungsten prices continue to show strength. According to data from China Tungsten Online, on January 14th, the price of black tungsten concentrate broke through the 500,000 yuan mark per ton, APT (ammonium paratungstate) prices reached 730,000 yuan, and the price of tungsten powder approached 1.2 million yuan. It is worth noting that large tungsten companies and industry institutions such as Chongyi Zhangyuan Tungsten, Guangdong Xianglu Tungsten, and Ganzhou Tungsten Association have recently raised new round of prices, further boosting market bullish sentiment. Public information shows that JIAXIN INTL RES is a tungsten mining development company headquartered in Kazakhstan, with its core asset being the Bokuta tungsten mining project. FIRST SHANGHAI believes that the company is at a key point of value release, with world-class core assets and resource endowments laying the foundation for long-term growth. The company is a rare pure tungsten mining target in the market, and the current stock price has a very high safety margin and attractiveness.