HK Stock Market Move | JIAXIN INTL RES(03858) rose more than 7% as the price of tungsten concentrate approaches the 550,000 yuan mark. The company holds world-class tungsten resources.

Jiaxin International Resources (03858) rose over 7% as of press time, up 7.08% to HK$87.7, with a trading volume of HK$81.289 million. On the news front, according to online tungsten news, the tungsten market is still hot, with prices along the entire industry chain of tungsten raw materials, tungsten materials, tungsten alloys, and tungsten waste reaching new highs. On January 26, the price of tungsten concentrates approached RMB 550,000 per ton, ammonium paratungstate prices reached a high of RMB 800,000, and tungsten powder prices broke through the RMB 1.3 million mark. FIRST SHANGHAI previously believed that the commercialization of the company's scarce tungsten ore resources is imminent, with a revaluation on the horizon. The bank pointed out that JIAXIN INTL RES is at a key value release turning point, with world-class core assets and resource endowments laying the foundation for long-term growth. The company is a rare target in the market for pure tungsten mines, with the current stock price having a very high safety margin and attractiveness.