SMM

This week (2024.07.29-2024.08.02), the spot price of lithium carbonate dropped significantly. The SMM battery-grade lithium carbonate index price fell from 84,130 yuan/mt to 80,705 yuan/mt, a decrease of 3,425 yuan/mt. Supply and demand side, the surplus is a foregone conclusion, and the current fundamentals of lithium carbonate continue to be weak.