According to the CITIC Securities Research Report, the sharp drop in lithium prices last week was mainly due to a sharp increase in weekly inventories caused by SMM lithium carbonate inventory statistics and sample adjustments; it was not a substantial deterioration in industry fundamentals. The recovery in lithium battery production in September is expected to drive a considerable increase in demand. The increase on the overseas supply side falls short of the increase in demand, and the industry's supply gap may expand further. Weekly inventory noise is difficult to reverse the fundamental logic of the industry. CITIC Securities anticipates that short-term lithium prices have clearly overfallen, and lithium prices are expected to rebound steadily to 150,000 yuan/ton to 200,000 yuan/ton in the future, driving the recovery of the lithium sector.

According to the CITIC Securities Research Report, the sharp drop in lithium prices last week was mainly due to a sharp increase in weekly inventories caused by SMM lithium carbonate inventory statistics and sample adjustments; it was not a substantial deterioration in industry fundamentals. The recovery in lithium battery production in September is expected to drive a considerable increase in demand. The increase on the overseas supply side falls short of the increase in demand, and the industry's supply gap may expand further. Weekly inventory noise is difficult to reverse the fundamental logic of the industry. CITIC Securities anticipates that short-term lithium prices have clearly overfallen, and lithium prices are expected to rebound steadily to 150,000 yuan/ton to 200,000 yuan/ton in the future, driving the recovery of the lithium sector.