[SMM Daily Review: March 4 Lithium Carbonate Spot Prices Continue to Decline]
SMM battery-grade lithium carbonate index price was 74,909 yuan/mt, down 166 yuan/mt from the previous working day. Battery-grade lithium carbonate was at 73,900-76,000 yuan/mt, with an average price of 74,950 yuan/mt, down 150 yuan/mt from the previous working day. Industrial-grade lithium carbonate was at 72,500-73,500 yuan/mt, with an average price of 73,000 yuan/mt, down 150 yuan/mt from the previous working day. The transaction price center of spot lithium carbonate continued to move downward. From the current supply and demand perspective of lithium carbonate, both supply and demand are increasing, but the supply side is growing more significantly, leading to a continued surplus in lithium carbonate. Downstream material plants remain mostly in a wait-and-see mode, with limited purchases, and market transactions have slightly weakened. It is expected that spot lithium carbonate prices have some downside room, accompanied by sideways movement.

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