According to CIP Commodity Information Platform, lithium carbonate (99.5% battery-grade, China domestic price) dropped over 2% week-on-week to 90,000 RMB per ton this week. The decline stems from mounting supply pressure, as multiple lithium miners have ramped up shipments and some mines resumed operations. Market demand remains insufficient, with downstream battery manufacturers showing weak restocking appetite despite the recovery in electric vehicle and energy storage sectors. This supply-demand imbalance is driving the price correction.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.