HK Stock Market Move | XIMEI RESOURCES (09936) rose over 16%, supply shock accelerating tantalum price rise. The company is one of the few domestic enterprises with processing capabilities for tantalum and niobium resources.

XIMEI RESOURCES (09936) surged by more than 16%, with a cumulative increase of over double since the beginning of the year. As of the writing of this report, it has increased by 13.02%, trading at 13.02 Hong Kong dollars with a turnover of 8.2117 million Hong Kong dollars. On the news front, on January 28-29, 2026, a large-scale collapse occurred in the coltan mining area in North Kivu Province, eastern Congo. Multiple mine tunnels collapsed, burying a large number of miners, resulting in the death of over 200 people. According to United Nations estimates, the production from the Rubaya area alone accounts for more than 15% of the global tantalum supply. Considering the relatively backward mining methods and poor overall engineering capacity of the mine, it is expected that production will be difficult to recover quickly. China Post Securities pointed out that the price of tantalum pentoxide has risen from 2220 CNY/kg to 2690 CNY/kg since January, downstream tantalum capacitor companies have initiated multiple price increases, reflecting an accelerating imbalance between supply and demand for tantalum. It is expected that this supply shock will accelerate the rise in tantalum prices, benefiting companies that own tantalum mines domestically and abroad. Public information shows that XIMEI RESOURCES focuses on the research, production, and sales of tantalum and niobium metallurgical products, with core products including tantalum oxide, niobium oxide, and potassium fluotantalate. It is one of the few enterprises in China with the processing capacity for tantalum and niobium resources. Market analysis believes that with the continuous growth in demand for tantalum capacitors and high-temperature alloys, the company's product shipments are expected to steadily increase. In addition, the improvement in gross profit margins brought about by the rise in tantalum prices, the company's performance has great flexibility, making it a direct beneficiary in the uptrend of tantalum prices.