Xiamen Tungsten Co. Ltd. Surges Amid a Small‑Metal Rally
Stock performance on 27 Feb 2026
Xiamen Tungsten (SHSE: 600651) closed the day at ¥59.77, an 8.0 % rise from the previous close.
The 52‑week high of ¥69.20 was approached, while the 52‑week low of ¥17.53 remains far below the current level.
Drivers of the rally
The small‑metal sector continued its upward momentum, with the small‑metal index up 6.39 % early in the session.
Xiamen Tungsten was the largest gainers among the constituents, posting an 8 % rise and a 1‑day intraday high of ¥66.70.
The company’s shares were part of a broader “涨停潮” that saw twelve stocks reach the daily limit on the Shanghai Stock Exchange.
Market‑wide context
The Shanghai Composite Index gained 0.39 % to 4,162.88 points, while the Shenzhen Composite Index fell 0.06 % to 14,495.09 points.
Total market turnover reached ¥2.51 trillion, a slight decline of ¥504 billion from the previous day.
Funding activity was strong; the “融资净买入” for the small‑metal sector totaled over ¥88 billion, reflecting significant institutional interest.
Sectoral support
The “有色金属” exchange‑traded fund (ETF 516650) rose 2.86 % after a series of limit‑up moves by key stocks, including Xiamen Tungsten.
The “电力” sector also posted gains, driven by favorable earnings outlooks and a surge in electricity‑related shares.
Company fundamentals
Market capitalization stands at CNY 94.9 billion.
The price‑earnings ratio is 41, indicating a valuation at the upper end of the sector.
Xiamen Tungsten’s product line includes ammonium paratungstate, blue and yellow tungsten oxides, tungsten powder, and tungsten alloys.
The company also participates in battery production and real‑estate development, diversifying its revenue streams.
Implications for investors
The recent price escalation in small metals is supported by a combination of supply constraints and demand from AI, new‑energy vehicles, and defense‑related applications.
Institutional financing flows suggest continued bullish sentiment.
Given the company’s high PE ratio, investors should monitor earnings releases and commodity price developments for potential valuation corrections.
The information above reflects market activity and company data as of 27 February 2026. No additional analysis or speculation beyond the reported facts has been included.
