April 22 News
Recently, CNGR Advanced Material announced that the company has deployed two major salt lakes, Jama and Solaroz, in Argentina, controlling resources equivalent to over 10 million tons of lithium carbonate.

Chempricehub Analysis on Lithium Carbonate, Bull-Bear Score: -2
CNGR Advanced Material has deployed the Jama and Solaroz salt lakes in Argentina, controlling resources equivalent to over 10 million tons of lithium carbonate, which is expected to significantly increase future supply. This will likely strengthen market expectations of oversupply, exerting significant downward pressure on the spot price of lithium carbonate, potentially leading to a decline in spot prices.

Combined with the latest lithium carbonate futures market data (as of April 21, 2026), such as the settlement price of the 2605 contract at 171,240 yuan/ton, with a change of -4,180 yuan/ton, indicating a downward trend, this event may further amplify the downside risk for futures prices. The reduction in open interest for the main contract (e.g., a change of -13,897 in the 2605 contract's open interest) reflects strong bearish sentiment in the market, which is bearish for futures prices.