January 7th News
On January 7th, Sinomine Resource Group announced that its 30,000-ton-per-year high-purity lithium salt technical renovation project has completed construction and obtained trial production approval. The project commenced trial production operations on January 2nd, 2026, with ignition and material feeding.
Chempricehub Analysis of Lithium Carbonate
Bull-Bear Score: -1.5
Sinomine Resource Group's 30,000-ton-per-year high-purity lithium salt project entering trial production will increase market supply, potentially putting downward pressure on spot prices of lithium carbonate.
In the futures market, despite recent price increases in the main lithium carbonate contracts (e.g., the 2605 contract closing at 142,300 yuan/ton, up 5,400 yuan), the expectation of new supply is likely to curb future upward momentum, exerting a generally bearish influence on futures prices.