"SMM lithium carbonate futures review: LC2401 main contract continues to plummet, down 6.74% - On December 1, the main contract of lithium carbonate 2401 continued to plummet, falling by 6.74%. According to data, the main contract of lithium carbonate 2401 opened at 106,700 yuan/ton and closed at 101,750 yuan/ton on the same day, with a trading volume of 754,802 lots and an open interest of 135,390 lots, a decrease of 9,644 lots from the previous trading day. SMM's spot price for battery-grade lithium carbonate on the same day was 125,000-135,000 yuan/ton, with an average price of 130,000 yuan/ton, a decrease of 1,000 yuan/ton compared to the previous working day. The 2401 main contract opened down by 2.2% and then oscillated downward, with some recovery in early and late trading, and continued to fluctuate slightly upward in mid-morning trading. However, the prices quickly declined by the end of mid-day trading, ultimately resulting in a 6.74% drop."