HK Stock Market Move | JIAXIN INTL RES (03858) rises over 6% again as leading tungsten companies adjust procurement prices for long-term contracts in early August upward.

JIAXIN INTL RES (03858) has surged over 6%, and as of the time of this report, it is up 2.31%, trading at HKD 62.1, with a transaction volume of HKD 71.1569 million. On the news front, Chongyi Zhangyuan Tungsten announced its long-term procurement prices for the first half of August 2026, with all varieties adjusted upwards compared to the second half of July. Additionally, the U.S. will prohibit the export of tungsten waste and recycled battery materials starting later this month, just under a week after Trump authorized relevant departments to keep potential critical materials within the country. Guotou Securities International released a research report stating that JIAXIN INTL RES is a pure tungsten ore target in the Hong Kong stock market, benefiting from an increase in the average selling price of tungsten concentrate and a rise in production in the first half of the year. The company turned a profit in its net profit attributable to shareholders in the first half of the year, achieving rapid growth. The firm pointed out that tungsten prices appear to have stabilized, and in the long-term outlook, tungsten will fully benefit from the growing demand for AI PCB micro-drills and rods, as well as hexafluor tungsten; the global tungsten supply-demand relationship may further tighten. The company's valuation has potential for upward movement.