Jin10 data reported on April 4th that Yuntu Holdings stated at the performance briefing that the price of phosphate rock is expected to maintain a high level in 2024. As the demand from downstream phosphate fertilizers, phosphorus chemicals, and the new energy sector continues to rise, it will support the price of phosphate rock. The industry is expected to continue its high prosperity; however, the market trends are also influenced by multiple factors such as policy adjustments and supply-demand changes, so investors are advised to pay attention to risks. After the company’s phosphate mining and selection project is put into operation, achieving self-sufficiency in phosphate rock will significantly reduce the fluctuation risk of raw material prices.
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