On January 15, Tibet Urban Development and Investment Co., Ltd. announced that the 3,300-ton lithium hydroxide trial production line at the Jieze Chaka site of Guoneng Mining has been successfully connected and is deemed feasible. PriceSeek analyzed lithium hydroxide, giving it a long-short rating of -1. Tibet Urban Development and Investment's announcement of the successful connection of the 3,300-ton lithium hydroxide trial production line at Guoneng Mining's Jieze Chaka site indicates an improvement in supply capacity. The additional production capacity will increase market supply, exerting downward pressure on spot prices, which is generally considered a bearish factor.
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