[SMM Daily Review: Spot Lithium Carbonate Prices Significantly Declined on March 20] SMM battery-grade lithium carbonate index price was 74,461 yuan/mt, down 458 yuan/mt MoM from the previous working day; battery-grade lithium carbonate prices were 73,600-75,300 yuan/mt, with an average of 74,450 yuan/mt, down 450 yuan/mt MoM from the previous working day; industrial-grade lithium carbonate prices were 72,000-73,000 yuan/mt, with an average of 72,500 yuan/mt, down 450 yuan/mt MoM from the previous working day. The spot price center of lithium carbonate significantly shifted downward. Given the relatively limited increase in downstream demand and a still robust supply of lithium carbonate, prices showed a significant decline. At this price level, purchase willingness of downstream material plants strengthened, and market transactions were more active compared to earlier this week. With the ongoing inventory buildup, the downward trend in prices will continue, accompanied by sideways movement.