According to the CICC research report, emerging demand for AI, high-end equipment, etc. is currently growing rapidly, and profit margins in key areas of China's tungsten industry chain, such as downstream and midstream, continue to improve. Domestic tungsten prices showed signs of rising again after falling and stabilizing in July, and the overseas premium rate has also reached a record high. CICC believes that China's leading tungsten industry is expected to see a sharp rise in volume and price, and the current valuation level is already very attractive.

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