Hong Kong Stock Alert | JIAXIN INTL RES (03858) Surges Over 6% as Tungsten Prices Show Strong Performance This Year, Company's Bakuta Tungsten Mine Holds Rich Resources

JIAXIN INTL RES (03858) jumped over 6%, rising 6.36% to HK$33.76 at the time of writing, with trading volume reaching HK$98.6441 million.

On the news front, since March 2025, Chinese tungsten prices have maintained a continuous upward trend, with a dramatic surge occurring in August, reaching historical peaks in early September and achieving a doubling of major tungsten product prices within the year. As of the end of September 2025, despite some degree of pullback, the price of 65% black tungsten concentrate rapidly increased from 143,000 yuan per standard ton at the beginning of the year, breaking through the peak of 288,000 yuan per standard ton in early September before retreating to 271,000 yuan per standard ton, still representing an increase of approximately 89.5% compared to the year's start.

Industry analysis indicates that JIAXIN INTL RES's core asset is the Bakuta tungsten mine, which is the world's largest open-pit tungsten mine and possesses the world's largest designed tungsten mining capacity among individual tungsten mines. The company's core asset has already commenced production, with expectations for future production increases. Benefiting from the upward trend in tungsten prices, the company's profits are expected to experience rapid growth.

According to data, as of the first half of this year, the Bakuta tungsten mine holds resources of 107.5 million tons of tungsten ore with a grade of 0.211%, containing 227,000 tons of WO₃, and reserves of 68.4 million tons of tungsten ore with a grade of 0.206%, containing 140,800 tons of WO₃.