Jiaxin International Resources' stock plummeted 5.10% intraday, extending its recent correction trend.

The decline is attributed to a phased retreat in domestic tungsten concentrate spot prices, with market participants increasingly willing to lock in profits and sell inventory. Furthermore, rising volumes of recycled tungsten scrap entering the market have loosened short-term spot supply, exerting sustained pressure on related stocks.

The broader Diversified Metals and Mining sector also traded lower during the session.