The Chilean Minister of Mining recently stated that the government is ready to sign the operating contract for the Maricunga lithium mine, jointly developed by Codelco and Rio Tinto. PriceSeek analyzes lithium hydroxide, with a long-short rating: -1. The Chilean government's signing of the Maricunga lithium mine operating contract is expected to increase lithium ore supply, thereby boosting lithium hydroxide production. The increase in supply may put downward pressure on the spot price of lithium hydroxide, resulting in a generally bearish rating.