February 4th News With the recovery of lithium prices, mining company Mineral Resources (MinRes) is considering restarting its previously suspended Bald Hill lithium mine and has raised its full-year spodumene production forecast to 260,000–280,000 tons. Chempricehub Analysis of Lithium Carbonate Bull-Bear Score: -0.5 The article notes that the recovery in lithium prices reflects improved demand. However, MinRes’s decision to restart the Bald Hill lithium mine and raise its spodumene production forecast to 260,000–280,000 tons will increase the supply of raw materials for lithium carbonate. This could lead to lower production costs and a higher risk of market oversupply, exerting slight downward pressure on spot prices. Although demand recovery provides support, the growth in supply may restrain the upward momentum of prices. Spodumene Bull-Bear Score: -1 MinRes’s restart of the suspended mine and significant increase in production forecasts directly boost the supply of spodumene in the market. Against the backdrop of recovering lithium prices, although demand has improved, the substantial increase in supply may exacerbate the supply-demand imbalance, exerting a generally bearish impact on spot prices. Prices are expected to face downward pressure.