On July 31, JIAXIN INTL RES rose 5.16% in regular trading, trading at HK$56.05/share, with turnover of approximately HK$23.46 million.

On the news front, multiple institutions recently issued research reports expressing optimism on the tungsten sector's long-term supply-demand dynamics. Guotai Haitong noted that while short-term tungsten prices remain in weak consolidation, significant downside is limited due to rigid supply-side constraints. Separately, research highlighted that AI computing infrastructure expansion is driving PCB drill needle and tungsten hexafluoride demand growth, with global tungsten supply increments unable to match nearly 20,000 metal tons of demand-side additions, potentially pushing tungsten price levels structurally higher.

The stock had declined 5.67% on July 28 due to a 4.72% sequential drop in tungsten concentrate prices and short-term profit-taking after a rapid rally from HK$45 to the HK$57-58 range. Today's advance appears to represent a technical rebound from that pullback. UBS previously initiated coverage with a Buy rating and HK$88.7 target price, projecting concentrate output growth to 11,100 tons by 2027.

(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.)