Spot lithium carbonate prices to have a slight downward space due to potential demand reduction

Last week, spot lithium carbonate prices continued to decline, dropping by approximately 900 yuan/mt. Demand side, downstream cathode active material plants are expected to reduce production schedules, and with year-end approaching, some material plants are expected to undergo destocking, leading to weak purchasing sentiment. Supply side, lithium chemical smelters, nearing the time to negotiate long-term orders, have a strong sentiment to stand firm on quotes. Overall, the market's actual transaction situation was relatively quiet, with only a few material plants with rigid demand making purchases. Considering the expected reduction in future demand, spot lithium carbonate prices are expected to have a slight downward space.