Lithium carbonate price drop slows down, more cathode producers make inquiries

Lithium carbonate prices dipped slightly as of the week ending December 28th. While major producers maintain output, some smaller firms in Jiangxi stopped mid-December and haven't resumed. Three producers in Jiangxi plan to cut production in January, leading to a likely domestic output drop. Trading firms, struggling to move stock, are storing goods in warehouses, likely increasing Guangzhou Futures Exchange receipts. Demand side: Cathode companies keep low material stocks due to falling lithium carbonate prices and expected smaller orders, with weak spot purchase interest. As lithium carbonate prices fall, more cathode companies made inquiries. Due to the big discounts they requested, their proposals are often not accepted by lithium salt manufacturers. Overall, expecting weaker demand, spot prices are likely to keep falling.