On January 29, Dazhong Mining announced that the "Ecological Restoration Plan for the Jiada Lithium Mine" submitted by its wholly-owned subsidiary, Dazhong New Energy, has passed expert review by the Ministry of Natural Resources. The lithium ore resources in the initial mining area amount to 43.436 million tons of ore, with an average grade of 1.38%. The Li₂O mineral content is 600,900 tons, equivalent to approximately 1.4842 million tons of lithium carbonate.

PriceSeek's analysis of lithium carbonate shows a bearish score of -1.5. The announcement indicates that Dazhong Mining's lithium ore resources have passed the review, with lithium carbonate equivalent reaching 1.4842 million tons. This is expected to significantly increase future supply, exerting notable downward pressure on spot prices. Meanwhile, the main futures contract for lithium carbonate, such as 2605, closed at 148,200 yuan per ton, having recently fallen by 12,520 yuan. Open interest decreased by 29,746 lots, reflecting bearish market sentiment. This news may further strengthen bearish expectations, putting additional pressure on futures prices. The score of -1.5 reflects the significant bearish impact of supply expansion, though attention should be paid to the actual progress of production.