On June 22, Jiaxin International Resources rose 5.05% in regular trading, trading at 70.2 HKD/share, with turnover of HKD 262 million.

On the news front, the non-ferrous tungsten sector was broadly active, with A-share tungsten-related stocks rallying collectively. Research institutions highlighted that global tungsten supply growth remains constrained, with China's tungsten ore production growth decelerating. In the short term, only Kazakhstan and South Korea are expected to contribute meaningful supply increments. On the demand side, emerging industries including photovoltaic tungsten wire and robotics are driving accelerated consumption, while geopolitical conflicts further tighten supply conditions. Analysts project the tungsten supply-demand gap will continue widening, supporting a sustained rise in the tungsten price center. CICC previously recommended attention to Jiaxin International Resources, stating that the tungsten bull market thesis continues to strengthen.

The stock had experienced three consecutive trading days of over 5% declines prior to this session, and the rebound followed a release of short-term profit-taking pressure, coinciding with broad sector tailwinds.

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