Changes in Hong Kong stocks | Jiaxin International Resources (03858) rose more than 4%, supply restrictions combined with demand structural adjustment, and tungsten price center is expected to remain high

The Zhitong Finance App learned that Jiaxin International Resources (03858) rose more than 4%. As of press release, it had risen 4.56% to HK$61.85, with a turnover of HK$102 million.

According to the news, the US announced that it will ban the export of tungsten waste and recycled battery materials from the end of this month, further tightening the global supply of tungsten. In addition, Zhangyuan Tungsten Industry recently announced the long order purchase price for the first half of August 2026. Prices for the three core products increased by 1,000 yuan compared to the second half of July.

Xiangcai Securities believes that global demand for tungsten is expected to continue to grow. Among them, there is no shortage of high-value-added highlights such as AIPCB precision tools and the military and aerospace fields. Combined with the global supply gap, the global supply gap is difficult to fill. Under supply restrictions and structural adjustment of demand, the tungsten price center is expected to remain high.