On June 12, Jiaxin International Resources rose 7.94% in regular trading, trading at HK$90.4/share, with turnover of HK$118 million. The stock rebounded sharply following multiple positive catalysts including tungsten price stabilization signals and a strategic cooperation agreement.

On the news front, Xianlu Tungsten released its early-June pricing on June 10, quoting 55% black tungsten concentrate at RMB 518,000/tonne and ammonium paratungstate at RMB 780,000/tonne, representing notable increases from late-May levels. The long-term contract pricing is viewed as a market stabilization signal. Additionally, the company recently signed a non-binding MOU with PMF to explore mineral resource development opportunities in Kazakhstan, targeting large porphyry copper-gold deposits, polymetallic mines, and tungsten-molybdenum projects, broadening its resource portfolio beyond the flagship Bakuta tungsten mine.

Within the Diversified Metals and Mining sector, the overall sector showed strength. Among peers, CMOC rose 6.15%, MMG rose 4.9%, Lygend Resources rose 4.76%, Wanguo Gold Group rose 1.96%, and Ximei Resources rose 0.5%.

(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.)