Recently, the 5,000 t/d mineral processing project of Jinxin Mining successfully completed trial operation with materials, producing the first batch of lithium concentrate. Full production capacity is expected to be achieved in March. PriceSeek analyzes lithium carbonate with a bearish score of -1.5. The article indicates that Jinxin Mining’s 5,000 t/d lithium concentrate processing project has successfully undergone trial operation and produced its first batch of products, with full production capacity expected in March. This will significantly increase lithium concentrate supply, thereby expanding the sources of raw materials for lithium carbonate. The increase in supply exerts downward pressure on the spot price of lithium carbonate, presenting a clear bearish factor. Combined with lithium carbonate futures data (e.g., the main contract 2605 closing at 132,920 yuan/ton, down 4,420 yuan, with open interest decreasing by 1,202 lots), the market has already shown a downward trend. The new supply increment may reinforce bearish sentiment, leading to further pressure on futures prices. Therefore, the score is strongly bearish (-1.5), reflecting the medium-term negative impact of supply expansion on prices.