[SMM Daily Review: March 7 Spot Lithium Carbonate Prices Show Upward Sideways Movement]
The SMM battery-grade lithium carbonate index price was 75,029 yuan/mt, up 199 yuan/mt from the previous trading day. Battery-grade lithium carbonate was priced at 74,100-76,000 yuan/mt, with an average price of 75,050 yuan/mt, up 200 yuan/mt from the previous trading day. Industrial-grade lithium carbonate was priced at 72,600-73,600 yuan/mt, with an average price of 73,100 yuan/mt, up 200 yuan/mt from the previous trading day. The transaction price center of spot lithium carbonate showed an upward trend. Currently, the supply-demand pattern of lithium carbonate has not changed significantly, and the spot market supply remains relatively sufficient. However, due to the influence of certain market news, spot lithium carbonate prices were slightly boosted. It is expected that spot lithium carbonate prices will pull back in the future as the surplus supply-demand pattern persists.

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