HK Stock Market Move | JIAXIN INTL RES (03858) surged more than 12% in early trading. Tungsten prices are expected to remain high throughout the year. The company recently entered the Hong Kong Stock Connect.

JIAXIN INTL RES (03858) rose over 12% in early trading, as of press time, up 9.26% to HK$118 with a turnover of HK$256 million. On the news front, on March 18, Chinatungsten Online reported that the price of black tungsten concentrate was RMB 1.03 million per ton, up 124% from the beginning of the year and over 600% from the beginning of 2025. Industry insiders believe that the long-term low tungsten prices, and the current rise to a certain extent, reflects the "safety premium" and "strategic scarcity pricing". Tungsten prices in 2026 may stay high. It is worth noting that on March 9, JIAXIN INTL RES was officially included in the Hong Kong Stock Connect list. The previous research report from FIRST SHANGHAI pointed out that the company is at a key point of value release, possessing world-class core assets, and its resource endowment lays 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 high safety margin and attractiveness.