Stock Track | Jiaxin International Resources Plummets 5.06% Intraday on Tungsten Price Pullback and Profit-Taking Pressure

Stock Track04-23

Jiaxin International Resources' stock plummeted 5.06% during intraday trading, extending a recent correction trend for the tungsten-focused company.

The decline is attributed to a phased pullback in domestic tungsten concentrate spot prices and increased willingness among market holders to lock in profits and offload inventory. Furthermore, a growing volume of recycled tungsten scrap entering the market has boosted short-term spot supply, creating a moderately looser supply environment that has exerted sustained selling pressure on tungsten-related equities.

Despite the near-term headwinds, the company's longer-term fundamentals remain intact, with limited global tungsten mine capacity additions and a structural supply-demand gap. Jiaxin International Resources recently reported a turnaround to profitability with annual earnings of HKD 305 million and guided for tungsten output growth to approximately 9,000 tonnes this year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1194863725?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-23 09:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1194863725","market":"hk","top_or_hot":-1,"title":"Stock Track | Jiaxin International Resources Plummets 5.06% Intraday on Tungsten Price Pullback and Profit-Taking Pressure","media":"Stock Track","content":"<p>Jiaxin International Resources' stock plummeted 5.06% during intraday trading, extending a recent correction trend for the tungsten-focused company.</p><p>The decline is attributed to a phased pullback in domestic tungsten concentrate spot prices and increased willingness among market holders to lock in profits and offload inventory. Furthermore, a growing volume of recycled tungsten scrap entering the market has boosted short-term spot supply, creating a moderately looser supply environment that has exerted sustained selling pressure on tungsten-related equities.</p><p>Despite the near-term headwinds, the company's longer-term fundamentals remain intact, with limited global tungsten mine capacity additions and a structural supply-demand gap. Jiaxin International Resources recently reported a turnaround to profitability with annual earnings of HKD 305 million and guided for tungsten output growth to approximately 9,000 tonnes this year.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Jiaxin International Resources Plummets 5.06% Intraday on Tungsten Price Pullback and Profit-Taking Pressure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Jiaxin International Resources Plummets 5.06% Intraday on Tungsten Price Pullback and Profit-Taking Pressure\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-04-23 09:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Jiaxin International Resources' stock plummeted 5.06% during intraday trading, extending a recent correction trend for the tungsten-focused company.</p><p>The decline is attributed to a phased pullback in domestic tungsten concentrate spot prices and increased willingness among market holders to lock in profits and offload inventory. Furthermore, a growing volume of recycled tungsten scrap entering the market has boosted short-term spot supply, creating a moderately looser supply environment that has exerted sustained selling pressure on tungsten-related equities.</p><p>Despite the near-term headwinds, the company's longer-term fundamentals remain intact, with limited global tungsten mine capacity additions and a structural supply-demand gap. Jiaxin International Resources recently reported a turnaround to profitability with annual earnings of HKD 305 million and guided for tungsten output growth to approximately 9,000 tonnes this year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03858","symbol_name":"佳鑫国际资源","start_time":0,"source_url":"","article_id":"1194863725","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1194863725","pubTimestamp":1776908614,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Jiaxin International Resources' stock plummeted 5.06% during intraday trading, extending a recent correction trend for the tungsten-focused company.The decline is attributed to a phased pullback in...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03858":"佳鑫国际资源"},"translate_title":"个股赛道|嘉信国际资源盘中暴跌5.06%钨价回调获利盘承压","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03858":1},"content_text":"Jiaxin International Resources' stock plummeted 5.06% during intraday trading, extending a recent correction trend for the tungsten-focused company.The decline is attributed to a phased pullback in domestic tungsten concentrate spot prices and increased willingness among market holders to lock in profits and offload inventory. Furthermore, a growing volume of recycled tungsten scrap entering the market has boosted short-term spot supply, creating a moderately looser supply environment that has exerted sustained selling pressure on tungsten-related equities.Despite the near-term headwinds, the company's longer-term fundamentals remain intact, with limited global tungsten mine capacity additions and a structural supply-demand gap. Jiaxin International Resources recently reported a turnaround to profitability with annual earnings of HKD 305 million and guided for tungsten output growth to approximately 9,000 tonnes this year.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.1","shortVersion":"4.42.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1194863725","isCrawlerRequest":true}