[SMM Daily Review: Spot Lithium Carbonate Prices Continue to Decline on May 19] The SMM index price for battery-grade lithium carbonate was 63,974 yuan/mt, down 798 yuan/mt from the previous working day; battery-grade lithium carbonate was priced at 62,300-65,100 yuan/mt, with an average price of 63,700 yuan/mt, down 800 yuan/mt from the previous working day; industrial-grade lithium carbonate was priced at 61,550-62,550 yuan/mt, with an average price of 62,050 yuan/mt, down 800 yuan/mt from the previous working day. The price center of spot lithium carbonate transaction prices fluctuated downward. Due to the continuous decline in lithium ore prices, the cost support for lithium carbonate continued to weaken. Additionally, there have been no instances of mine production cuts or suspensions, and the output from the lithium carbonate supply side remains very strong. Given the relatively limited increase in downstream demand, the surplus situation of lithium carbonate is difficult to reverse, and prices continue to fluctuate at lows.