On September 18, JIAXIN INTL RES rose 5.05% in regular trading, trading at HK$54.75 with turnover of HK$61.61 million, rebounding sharply from the prior session's decline triggered by the chairman's resignation.
The rebound comes amid sustained bullish sentiment in the global tungsten market. APT prices have surged approximately ninefold over the past two years to around US$3,000 per metric ton unit, driven by tightening supply constraints. Zimbabwe recently banned tungsten exports, while the US War Department committed US$450 million to domestic tungsten producer ELMT, underscoring the intensifying global scramble for this critical mineral. China, which accounts for nearly 79% of global tungsten output, saw domestic concentrate production decline roughly 15% year-over-year in H1.
Fundamentally, the company reported H1 revenue of HK$2.703 billion, up 2,039.9% year-over-year, with net profit of HK$1.538 billion, swinging from a loss to profit, supported by over 4,000 tonnes of 65% white tungsten concentrate production at its Bakouta mine in Kazakhstan. As a pure-play tungsten concentrate producer listed in Hong Kong, the company is positioned as a direct beneficiary of the structural supply deficit.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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