--- title: "Hong Kong stock movement: JIAXIN INTL RES rises 10.72%, optimistic outlook for white tungsten concentrate helps turn losses into profits" type: "News" locale: "en" url: "https://longbridge.com/en/news/282931730.md" description: "JIAXIN INTL RES rose 10.72%; Luoyang Molybdenum rose 0.31%, with a transaction amount of HKD 282 million; Universal Gold Group rose 0.08%, with a transaction amount of HKD 8.247 million; Liken Resources fell 1.75%, with a transaction amount of HKD 6.994 million; Minmetals Resources rose 0.94%, with a market value of HKD 104.3 billion" datetime: "2026-04-16T03:17:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282931730.md) - [en](https://longbridge.com/en/news/282931730.md) - [zh-HK](https://longbridge.com/zh-HK/news/282931730.md) --- # Hong Kong stock movement: JIAXIN INTL RES rises 10.72%, optimistic outlook for white tungsten concentrate helps turn losses into profits **Hong Kong Stock Movement** JIAXIN INTL RES rose 10.72%. Based on recent key news: 1. On April 16, JIAXIN INTL RES surged over 7% during trading, and as of the time of writing, it rose 7.24% to HKD 120, with a transaction volume of HKD 151 million. In terms of news, JIAXIN INTL RES is expected to achieve revenue of HKD 1.063 billion in 2025; profit of HKD 305 million, turning from loss to profit year-on-year. Guosen Securities pointed out that the company's revenue comes entirely from tungsten concentrate. After starting commercial production and sales in April 2025, it is expected to produce 5,008 tons of tungsten concentrate and sell 4,879 tons throughout the year. With capacity ramp-up and operational optimization, the company's cost structure is expected to improve further. It is anticipated that production will increase to around 9,000 tons in 2026, and with the operation of the second phase of the waste project in 2027, the designed annual processing capacity will reach 4.95 million tons/year, stabilizing annual production above 13,000 tons after full capacity is reached. The market demand for tungsten concentrate is strong, and the industry outlook is optimistic. **Stocks with High Trading Volume in the Industry** Luoyang Molybdenum Co., Ltd. rose 0.31%. Based on recent key news: 1. On April 15, Luoyang Molybdenum Co., Ltd. performed outstandingly in the non-ferrous metal sector, leading with a rise of 2.10%. Reports indicate that France and Japan signed an agreement to strengthen cooperation in critical minerals, boosting market expectations for demand for related metals, benefiting Luoyang Molybdenum Co., Ltd. 2. On April 14, CITIC Securities pointed out that global resource supply security is facing threats, and the demand for strategic metals is increasing. As a supplier of strategic metals, market expectations for Luoyang Molybdenum Co., Ltd.'s future demand have strengthened, driving up its stock price. 3. On April 13, Luoyang Molybdenum Co., Ltd. experienced large transactions, with a transaction amount exceeding HKD 20 million, indicating strong market interest in the stock, further pushing up its price. The non-ferrous metal sector has shown significant volatility recently, warranting attention. Wanguo Gold Group rose 0.08%. Based on recent key news: 1. On April 13, Gao Mingqing, the founder and chairman of Wanguo Gold Group, increased his stake in the company through Jiesheng Investment, purchasing 2.03 million shares, demonstrating confidence in the company's future. This move has bolstered market confidence in the company's long-term growth potential, driving up its stock price. Source: Zhito Finance 2. On April 13, Wanguo Gold Group announced that its major shareholder Gao Mingqing increased his stake, involving an amount of approximately HKD 28.72 million. After the increase, Jiesheng Investment holds about 25.62% of the company's shares, further consolidating shareholder support for the company. Source: Wall Street Insight 3. On April 13, Wanguo Gold Group's stock price fell 2.2% at the market opening, reporting HKD 13.6, down 27% from its high over the past year. The market remains attentive to the volatility of the company's stock price. Source: Jinshi Data The gold industry has seen increased volatility recently, requiring attention. Liqin Resources fell 1.75%. Based on recent key news: 1. On April 16, changes in Indonesia's nickel ore benchmark price policy have drawn market attention. Liqin Resources stated that production and operations are normal, business is progressing smoothly, and it is actively assessing the policy impact and taking measures to diversify risks This news caused stock price fluctuations, with a transaction volume reaching HKD 69.94 million. Source: Zhitong Finance 2. On April 15, the company announced the good relationship with its Indonesian partner and the stability of the Obi project. The market's concern over policy changes did not affect the company's operations, but the stock price was still impacted. Source: Zhitong Finance 3. On April 14, Liqin Resources faced fairness disputes regarding overseas related transactions, affecting the IPO process. The market's focus on the controversies surrounding the actual controller's governance and related transactions may lead to stock price fluctuations. Source: Zhitong Finance Nickel mine policy changes affect industry confidence. **Stocks ranked at the top of the industry by market capitalization** Minmetals Resources, up 0.94%, with a market capitalization of HKD 104.3 billion, has no significant news recently. Trading is active, with clear capital flows. 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