The price has exceeded 20,000 yuan per ton, and the momentum of lithium carbonate continues to rise.

Driven by factors such as tightening supply and strong downstream demand, the momentum of the rising lithium carbonate price remains strong. The futures price of lithium carbonate continued to rise on May 11, with the main contract 2609 increasing by 3.51%, closing at 205,020 yuan/ton, hitting a two-year high. It is worth noting that the futures price of lithium carbonate has risen by more than 40% in the past five months, starting from 120,000 yuan/ton at the beginning of the year. The spot and futures prices of lithium carbonate are linked, with data from My Steel Net showing that the average price of battery-grade lithium carbonate on May 11 was 195,400 yuan/ton, an increase of 2,150 yuan from the 8th. "This strong rebound in lithium prices is mainly due to expectations of supply contraction and resonant growth in demand." Analysts familiar with the lithium industry believe that with the strong rise in lithium prices, there are also frequent actions in the industrial end. Currently, downstream industries still have a certain "tolerance" for the rise in lithium prices, and there is still some room for further increases in the short term.