Recently, Gansu Gongqi Weifu Environmental Protection Co., Ltd. obtained a hazardous waste management license for its new energy lithium carbonate project, officially commencing operations and entering full-scale production. The project is capable of processing 100,000 tons of waste electrolyte and 800,000 tons of hazardous waste from the electrolytic aluminum industry (carbon slag and major repair slag) annually, while also purchasing crude lithium carbonate for purification. Upon reaching full production capacity, it will process 900,000 tons of industrial waste per year, producing 50,000 tons of battery-grade lithium carbonate, 300,000 tons of cryolite, and 115,000 tons of carbon powder. PriceSeek Analysis: Lithium Carbonate, Bull-Bear Score: -1 The project's annual output of 50,000 tons of battery-grade lithium carbonate will increase market supply, potentially alleviating supply-demand tensions and exerting downward pressure on spot prices. In the futures market, considering the main lithium carbonate contract 2605 (closing price: 137,940 yuan/ton, up 9,560 yuan, open interest increased by 19,707 lots), although recent prices have risen strongly, the new supply increment may curb future upward momentum and even trigger a correction. Therefore, the rating is moderately bearish. Cryolite, Bull-Bear Score: -1 The project's annual output of 300,000 tons of cryolite, used as a flux in the aluminum industry, may exacerbate market oversupply and put pressure on spot prices. Given that cryolite is primarily used in the electrolytic aluminum industry, the additional capacity could intensify price competition, leading to a moderately bearish rating. Carbon Powder, Bull-Bear Score: -1 The project's annual output of 115,000 tons of carbon powder may lower spot prices due to increased supply. Carbon powder is widely used in rubber, plastics, and other industries, and the market supply-demand balance may shift toward a looser state, negatively impacting prices. Therefore, the rating is moderately bearish.