On January 26th, Shandong Fengyuan Lithium Energy Technology Co., Ltd. successfully completed the trial operation of the first phase of its 50,000-ton-per-year high-energy cathode material project for lithium-ion batteries. Chempricehub analyzed lithium carbonate, giving a bullish-bearish score of 1. The trial operation of the project increases the production of cathode materials for lithium-ion batteries, driving up the demand for lithium carbonate and benefiting spot prices. The settlement price of the main lithium carbonate futures contract 2605 was 177,320 yuan per ton, with a daily increase of 8,160 yuan. The trading volume reached 342,805 contracts, and open interest increased by 2,042 contracts, indicating bullish market sentiment. Supported by new demand, futures prices are likely to continue their upward trend.