Jiaxin International Resources' stock soared 6.34% during intraday trading on Tuesday, reflecting strong investor interest in the tungsten producer.

The rally appears driven by growing optimism around tungsten prices and positive institutional sentiment. Multiple financial institutions have issued bullish research notes on leaders in the tungsten sector. CICC noted that considering tungsten's growing emerging demand and strategic attributes alongside unchanged tight supply dynamics, domestic tungsten prices are expected to stabilize and recover after a sharp short-term decline. Guotai Junan similarly highlighted expectations for price stabilization.

Further supporting the positive outlook, domestic tungsten concentrate prices have shown signs of stabilization after a significant decline earlier in the year. Additionally, analysis from the U.S. think tank CSIS suggests that high-intensity military consumption may sustain elevated tungsten demand for years. Jiaxin International Resources, which derives all its revenue from white tungsten concentrate, is positioned to benefit from these trends, with its projected output growth adding to the positive narrative.