JIAXIN INTL RES (03858) has seen a rise of over 6%, reaching a 6.1% increase to 36.88 HKD, with a trading volume of 22.07 million HKD as of this writing. According to reports from China Tungsten Online, the tungsten concentrate market is experiencing tight supply and robust demand due to sellers’ reluctance to sell, resulting in firm price performances. The price of 65% black tungsten concentrate is reported at 280,000 RMB per standard ton, up 3.3% week-on-week and up 95.8% since the beginning of the year. Previously, CITIC Securities pointed out that the company’s core asset is the Bakuta tungsten mine, which is currently in production, with expectations for future production increases. Benefiting from rising tungsten prices, the company's profits are expected to grow rapidly. Notably, the suggestions from the Central Committee of the Communist Party of China regarding the 15th Five-Year Plan emphasize forward-looking plans for future industries, promoting nuclear fusion energy as a new economic growth point. Everbright Securities previously indicated that the future demand for tungsten is expected to flourish in multiple areas. Looking ahead, there are several promising growth points for tungsten metal. Among them, controlled nuclear fusion: tungsten and its alloys, due to their excellent high-temperature properties, radiation resistance, and mechanical performance, are ideal candidate materials for key components in nuclear fusion reactors.
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