[SMM Daily Review: Lithium Carbonate Prices Rise on November 20]

SMM battery-grade lithium carbonate index price was 78,829 yuan/mt, up 316 yuan/mt from the previous working day; battery-grade lithium carbonate was 77,500-80,600 yuan/mt, with an average price of 79,050 yuan/mt, up 300 yuan/mt from the previous working day; industrial-grade lithium carbonate was 75,150-76,150 yuan/mt, with an average price of 75,650 yuan/mt, up 400 yuan/mt from the previous working day. Prices continued to fluctuate, and with subsequent actual order conditions still unclear, downstream material plants currently have low purchase willingness and are adopting a cautious wait-and-see attitude. Upstream lithium chemical smelters have a strong sentiment to stand firm on quotes at this period. Overall, the actual transaction situation in the market is relatively quiet. It is expected that the spot prices of lithium carbonate will continue to show sideways movement in the future.