SMM

This week (2024.07.22-2024.07.26), the spot price of lithium carbonate dropped significantly. The SMM battery-grade lithium carbonate index price fell from 86,038 yuan/mt to 84,709 yuan/mt, a decrease of 1,329 yuan/mt. Supply and demand side, the surplus is a foregone conclusion, and the current fundamentals of lithium carbonate continue to be weak.