February 12th News — Recently, Hubei Xingfa Chemicals Group Co., Ltd. (hereinafter referred to as "Xingfa Group") announced that its wholly-owned subsidiary, Baokang County Yaozhihе Qiaogou Mining Co., Ltd. (hereinafter referred to as "Qiaogou Mining"), has completed the modification procedures for the mining rights of the Qiaogou Phosphate Mine and obtained the "Real Estate Rights Certificate (Mining Rights)" and "Mining License" issued by the Hubei Provincial Department of Natural Resources. The mineral type for extraction is phosphate ore, with a validity period from June 22, 2025, to June 22, 2055, spanning 30 years. The information on the "Mining License" corresponds to this, specifying the extraction method as underground mining. The Qiaogou Phosphate Mine holds phosphate ore resource reserves of 185 million tons. Following this modification of mining rights, the mine's designed production capacity has been increased from the original 2 million tons per year to 2.8 million tons per year, representing a 40% growth. Chempricehub Analysis: Phosphate Ore, Bull-Bear Score: -1.5 The article reports that the designed production capacity of the Qiaogou Phosphate Mine has increased from 2 million tons per year to 2.8 million tons per year, a 40% growth, with resource reserves reaching 185 million tons. This will significantly increase market supply. Without a corresponding increase in demand, it is expected to exert downward pressure on the spot price of phosphate ore, potentially leading to price declines and impacting corporate profits. Therefore, the score is -1.5, indicating a generally strong bearish influence.