JIAXIN INTL RES (03858) rose over 5%, and as of press time, the stock was up 5.61% to HK$31.98 with trading volume of HK$17.7896 million. On the news front, industry institutions and major tungsten enterprises in Jiangxi have successively announced their quotations, with significant increases injecting confidence into the wavering market sentiment. Tungsten prices continued to reach new highs on Monday, with tungsten concentrate, tungsten powder, and tungsten carbide powder prices all doubling within the year. Additionally, tungsten prices continued climbing on Tuesday, though resistance increased significantly, intensifying the standoff between pricing and market activity. Tungsten raw material holders maintained strong sentiment, and while willingness to sell increased, quotations showed little sign of loosening. Among these, 65% black tungsten concentrate was quoted at 288,000 yuan per standard ton, up 101.4% from the beginning of the year.

The company is based in Kazakhstan, focusing on tungsten mining resource development. As of the first half of this year, the Bakta tungsten mine had 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. Securities analysts noted that the company's core asset is the Bakta tungsten mine, which is currently in production with expectations for future capacity expansion. Benefiting from rising tungsten prices, the company's profits are expected to grow rapidly.