April 7th News
Recently, the annual production of 22,000 tons of high-purity lithium salt project of Hunan Yongshan officially started. After the project is fully completed and put into operation, the total production capacity will exceed 60,000 tons/year.

Chempricehub Analysis of Lithium Carbonate, Bull-Bear Score: -1
The commencement of Hunan Yongshan's annual production of 22,000 tons of high-purity lithium salt project, with a total capacity of 60,000 tons/year after operation, strengthens market expectations of oversupply, exerting downward pressure on the spot price of lithium carbonate and potentially suppressing spot prices. Combined with the lithium carbonate futures market, recent main contracts such as 2605 closed at 156,960 yuan/ton, with a change of -820 yuan/ton, indicating bearish market sentiment. The expectation of project capacity expansion intensifies concerns about oversupply, which may further depress futures prices, leading to reduced open interest and fluctuations in trading volume. Overall, it is judged as a moderate bearish factor, with a score of -1.