December 31st — On December 30th, Zijin Mining Group released its 2025 performance pre-increase announcement, planning to produce 120,000 tons of lithium carbonate equivalent next year. Chempricehub's analysis of lithium carbonate, with a bullish-bearish score: -1.5. Zijin Mining Group's release of the 2025 performance pre-increase announcement, planning to produce 120,000 tons of lithium carbonate equivalent, significantly increases market supply expectations. This will exert notable downward pressure on the spot price of lithium carbonate, as oversupply may dampen purchasing willingness among demand-side parties, leading to price pressure and decline. Additionally, combined with the recent downtrend in lithium carbonate futures contract 2612 (closing price 125,160 yuan/ton, settlement price 124,160 yuan/ton, down 8,400 yuan), the production increase news reinforces market bearish sentiment, with expectations that futures prices will further weaken. Changes in open interest (-96) indicate that some investors have already begun reducing positions for risk avoidance. Overall, supply expansion dominates the bearish impact, but considering industry demand volatility, the score is -1.5 (between significant bearish and general bearish).