On June 9, Jiaxin International Resources rose 6% in regular trading, trading at 85.6 HKD/share, with trading volume of 112 million HKD. The stock rebounded sharply following a 9.49% decline in the prior session triggered by broad sector weakness and profit-taking pressure.

On the news front, the tungsten market continues to show signs of bottoming. Recent industry data indicated that 65% black tungsten concentrate prices recovered to 450,000 yuan per standard ton, while APT prices reached 730,000 yuan per ton, reflecting a roughly 10% rebound from late-May lows. CICC noted that factors suppressing tungsten prices are gradually easing, while emerging demand from AI applications and strategic attributes continue to strengthen. Concurrently, the US is accelerating efforts to rebuild its domestic tungsten supply chain, with military ammunition consumption driving sustained high demand for critical raw materials.

Jiaxin International Resources derives all revenue from white tungsten concentrate produced at its Bakuta project in Kazakhstan, making it a direct beneficiary of tungsten price recovery. The company had previously signed a memorandum to expand mineral resource development in Central Asia, further supporting market confidence in its growth trajectory.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)