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SMM Analysis: Lithium Carbonate Futures Hit Daily Upside Limit after Persistent Slump, Potential Supply Changes Deserve Attention as Smelters Are Plagued by Severe Losses

SMM Analysis: Lithium Carbonate Futures Hit Daily Upside Limit after Persistent Slump, Potential Supply Changes Deserve Attention as Smelters Are Plagued by Severe Losses

Dec 07, 2023 13:41

Lithium Carbonate futures fell 17 out of 18 trading days, hitting daily downside limits on Nov 22, Nov 27, Dec 5. Today, after frequent record lows, the most-traded contract surged by 6.99%, closing at 95,600 yuan/mt—a daily upside limit. Other contracts also hit the daily upside limit.

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