Jiaxin International Resources' stock price plummeted 5.87% during intraday trading on Monday, extending a recent correction trend for the company.

The decline appears driven by a combination of factors including a phased pullback in domestic tungsten concentrate spot prices, with market holders increasingly willing to lock in profits and offload inventory. Additionally, an uptick in recycled tungsten scrap resources has boosted short-term spot market circulation, creating a slightly looser supply atmosphere that continues to pressure related stocks. The broader Diversified Metals & Mining sector also showed weakness during the session.

Despite the short-term pressures, industry analysts note that new global tungsten mining capacity remains limited and the supply-demand gap persists, suggesting the overall tight supply structure has not fundamentally changed over the longer term.