February 2 News — The Austrian government has renewed the Wolfsberg mining license, extending it until the end of 2027. The deposit is one of Europe's largest hard-rock lithium resources, with geological assessments indicating a potential of approximately 5.5 million metric tons of lithium carbonate equivalent. Chempricehub's analysis of lithium carbonate: Bull-Bear Score: -1.5. The Austrian government's renewal of the Wolfsberg mining license until the end of 2027, with the deposit's potential estimated at around 5.5 million metric tons of lithium carbonate equivalent, marks it as one of Europe's largest hard-rock lithium resources. This development signals a significant future increase in lithium supply, exerting downward pressure on the spot price of lithium carbonate, as expectations of supply expansion may disrupt the supply-demand balance in the spot market. From the perspective of the lithium carbonate futures market, recent contracts such as 2605 (settlement price: 153,980 yuan/ton, change: -12,520) and 2609 (settlement price: 154,060 yuan/ton, change: -12,860) have generally declined, with open interest decreasing (e.g., 2605 open interest change: -29,746), reflecting strong bearish sentiment in the market. This news may further reinforce the downward trend in futures prices, as the potential for additional supply intensifies concerns over oversupply. Therefore, the score is assessed as significantly bearish.