[SMM Daily Review: Lithium Carbonate Spot Prices Remain Stable Temporarily on July 1] The SMM battery-grade lithium carbonate index price was 61,332 yuan/mt, down 61 yuan/mt MoM from the previous working day. Battery-grade lithium carbonate prices ranged from 60,500 to 62,100 yuan/mt, with an average price of 61,300 yuan/mt, unchanged from the previous working day. Industrial-grade lithium carbonate prices ranged from 59,200 to 60,200 yuan/mt, with an average price of 59,700 yuan/mt, also unchanged from the previous working day. The price center of spot lithium carbonate transactions remained stable temporarily. Currently, the lithium carbonate market continues to be characterized by an oversupply situation, with a prominent supply-demand imbalance. Supply side, there is an abundant supply of marketable goods, and inventory pressure has not been effectively alleviated. Demand side, although downstream cathode material manufacturers expect a certain increase in production schedules in July, they are still primarily engaging in just-in-time procurement, with no significant increase in inventory preparation willingness. The market is generally characterized by a strong wait-and-see sentiment, with few transactions.