Changes in Hong Kong stocks | Jiaxin International Resources (03858) rose more than 6%, leading tungsten companies raised their purchase quotes for long orders in the first half of August

The Zhitong Finance App learned that Jiaxin International Resources (03858) rose by more than 6%. As of press release, it had risen 2.31% to HK$62.1, with a turnover of HK$71.156,900.

According to the news, Zhangyuan Tungsten Industry announced the long order purchase price for the first half of August 2026. All varieties have increased compared to the second half of July. Furthermore, the US will ban the export of tungsten waste and recycled battery materials from the end of this month. This move is less than a week before Trump authorizes relevant departments to leave potentially critical materials in the country.

China Investment Securities International released a research report saying that Jiaxin International Resources is a pure tungsten concentrate target in the Hong Kong stock market. Benefiting from the increase in the average selling price of tungsten concentrate in the first half of the year and the increase in production volume, the company's net profit from the first half of the year turned a loss into a profit during the same period, achieving rapid growth. The bank pointed out that at present, tungsten ore prices have stabilized. Looking at the long-term pattern, tungsten will fully benefit from the expansion of demand for AI PCB micro drills, bars, and tungsten hexafluoride. The global supply and demand relationship of tungsten may be further scarce; the company's valuation has upward potential.