JIAXIN INTL RES (03858) saw its shares rise more than 12% during the morning session. At the time of writing, the stock was up 9.26%, trading at HK$118 with a turnover of HK$318 million.

On March 18, data from China Tungsten Online indicated that the price of black tungsten concentrate reached RMB 1.03 million per ton, representing a 124% increase since the beginning of the year and a surge of over 600% compared to early 2025. Industry insiders suggest that after a prolonged period of low prices, the current rally reflects a "safety premium" and "strategic scarcity pricing." Tungsten prices are projected to remain elevated throughout 2026.

It is noteworthy that on March 9, JIAXIN INTL RES was officially included in the Hong Kong Stock Connect list. A previous research report highlighted that the company is at a critical inflection point for value realization, backed by world-class core assets and resource advantages that provide a solid foundation for long-term growth. As a rare pure-play tungsten mining stock in the market, the current share price offers a high margin of safety and strong appeal.