Jiaxin International Resources' stock plummeted 5.16% during intraday trading on Tuesday.
The sharp decline is attributed to short-term pressure on domestic tungsten concentrate spot prices. Concurrently, market holders have been actively taking profits and offloading their positions, contributing to the downward pressure on the stock.
Furthermore, an increase in scrap tungsten recycling resources has added to the circulation within the spot market, creating a slightly looser supply atmosphere which weighed on investor sentiment and the stock's price.
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