The Zhitong Finance App learned that Jiaxin International Resources (03858) rose more than 6% at the end of the session. As of press release, it had risen 5.63% to HK$37.52, with a turnover of HK$52,8495 million.

According to the news, Fastmarkets recently reached a cooperation with CME to launch Rotterdam tungsten APT futures. The contract will be listed on COMEX. It is expected that trading will begin in the first quarter of 2027, and regulatory approval will still need to be completed before implementation. The global production of tungsten is about 85,000 to 95,000 tons per year. Based on current spot prices, the global tungsten market is over 20 billion US dollars.

Guojin Securities pointed out that the US Department of Commerce will implement a one-year ban on the export of tungsten waste from August 27, 2026. Overseas strategic reserves have been upgraded, and there may be a further shortage of Japanese tungsten raw materials, which is beneficial to the domestic tungsten industry chain and tungsten prices. Expectations of a contraction in industry supply still exist. In the context of overseas strategic reserves being increased, the priority of tungsten may be high; the fundamentals of tungsten supply and demand are expected to resonate strongly.

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