Wintrue Holding: The long-term supply and demand pattern of phosphate rock is tightening

Wintrue Holding stated during an institutional research on July 17 that the company owns three phosphate mines in Leibo County, Sichuan Province. Currently, the Aju Luo Xia phosphate mine and the Niu Niu Zhai East Section phosphate mine have obtained mining rights. The Aju Luo Xia phosphate mine is constructing a 2.9 million tons/year mining and selection project, with tunnel excavation and supporting projects progressing as planned. The Niu Niu Zhai East Section phosphate mine is optimizing the design of a 4 million tons/year mining and selection plan to further improve the utilization rate of phosphate resources and project benefits. The "exploration to mining" procedures for the Niu Niu Zhai West Section mining area are still in progress. Phosphate mines are considered scarce mineral resources, and in recent years, the demand for phosphate ore in downstream sectors such as phosphate fertilizers, phosphate chemicals, and new energy has continued to grow. However, market supply is constrained by environmental restrictions on mining, resource integration, and mining costs, leading to a tightening long-term supply and demand pattern for phosphate ore