智通财经APP获悉，佳鑫国际资源(03858)午前涨超4%，截至发稿，涨4%，报119.5港元，成交额2.17亿港元。
国信证券指出，佳鑫收入全部来源于白钨精矿。自2025年4月启动商业生产及销售后，全年生产白钨精矿5008吨，销售4879吨。随着产能爬坡和运营优化，公司成本结构有望进一步改善。预计2026年产量能增长至9000吨左右，2027年有望随着二期抛废项目的投运，设计年处理能力达到495万吨/年，完全达产后年产量稳定在1.3万吨以上。
江海证券指出，短期内市场呈现阶段性变化，受持货方获利兑现出货以及废钨回收资源增多的双重影响，现货市场流通量有所增加，供应氛围略显宽松。从长期格局来看，由于全球钨矿新增产能有限，且国内供给端已明确收紧，全球钨市场的供需缺口依然存在，整体供应偏紧格局并未改变。
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