BATIAN: The current price of phosphate rock is relatively reasonable

BATIAN stated during an institutional research that based on information from the industry, the current price of phosphate rock is relatively reasonable. There is currently a significant gap in phosphate rock supply, with a gap of about 10 million tons in the Hubei market, and it will take 3 to 5 years for new production capacity to be released. The company's Xiaogaozhai phosphate mine currently has a production capacity of 12,000 tons per day, with a production license of 2 million tons per year, allowing for an increase of no more than 20%. The company is currently implementing the safety facility design review approval work for 2.9 million tons per year, and it is expected to complete the phased results and implement capacity expansion construction in the third quarter of this year, during which the construction process will allow for the output of engineering minerals