February 10th — Element3 recently launched the first lithium mining project in the United States since 1967. The company plans to expand its lithium carbonate production capacity to 10,000 tons per year within two years. Chempricehub analysis of lithium carbonate, with a long-short score of -1: Element3 plans to expand its lithium carbonate production capacity to 10,000 tons per year within two years. This move is expected to increase market supply, exerting downward pressure on the spot price of lithium carbonate, as the growth in supply may outpace demand, leading to price pressure. Combined with data from the lithium carbonate futures market, such as the closing price of the 2605 contract at 137,000 yuan per ton (up 5,000 yuan), recent market activity is evident. However, this capacity expansion news has a bearish impact on medium- to long-term futures contracts (e.g., the closing price of the 2609 contract at 137,400 yuan per ton), potentially limiting future price increases.