Cloud Holding: Phosphate ore prices are expected to remain strong.

Yuntou Holdings stated during institutional research on September 16 that, considering the current supply and demand situation, the price of phosphate ore is expected to remain strong. On the supply side, most of the new production capacity of domestic phosphate ore is still under construction, resulting in limited short-term release of phosphate ore and overall tight supply, especially for high-grade phosphate ore resources, which provide strong support for the price of phosphate ore. On the demand side, phosphate ore is widely used in the agricultural sector for phosphate fertilizer, compound fertilizer, etc., and with the promotion of food security strategies, demand is maintaining rigid growth. At the same time, in recent years, the rapid development of the new energy industry has driven the continuous growth of demand for phosphate ore in new energy materials, further supporting the price of phosphate ore.