Lithium battery industry chain companies remain optimistic about medium- to long-term development.

Recently, lithium prices have shown a sluggish trend. As of the close on November 13, the prices of multiple lithium carbonate futures contracts on the Guangzhou Futures Exchange hovered around 90,000 yuan/ton, marking a significant pullback compared with the high levels seen earlier this year. On the spot side, data released by SunSirs showed that on November 13, the reference price of battery-grade lithium carbonate was 91,000 yuan/ton, and the reference price of industrial-grade lithium carbonate was 88,000 yuan/ton, both down from the beginning of the month. Analysts generally believe that expectations of supply growth in the lithium carbonate market and a phased decline in demand have triggered market concerns, which may be the main reason for the recent fluctuations in lithium carbonate futures and spot prices. For November, estimates from surveys by some institutions suggest that total scheduled production across China's entire lithium battery market will decrease by 5% month on month. Guolian Futures expects that the lithium carbonate balance sheet will show a deficit of 23,000 tons in November, rapidly narrowing from October. Although lithium prices have entered a new round of fluctuations, market participants are generally not pessimistic about their future trajectory.