Lithium carbonate prices fall, recovery from maintenance adds to market supply

For the week ending November 2, lithium carbonate prices declined. The supply and demand both remained weak, with low purchasing intentions on the demand side and scant actual transactions. On the supply side, some major factories' production lines have resumed from maintenance, with noticeable increases in output and operating rates. This has led to an increase in lithium carbonate supply, further pressuring prices downwards. In addition, the recent online auction by lithium salt giant Lanke Lithium has sparked heated discussion in the market. The auction was divided into 14 segments, with most being sold at 152,000 yuan/mt and the highest transaction price at 153,000 yuan/mt.