Another big drop! When will the lithium carbonate decline stop?

China Securities Investment Futures analysis points out that the main contradiction in the current lithium industry is that supply is greater than demand. The current market mainstream view holds that the bottom price of lithium carbonate during the year is 90,000-95,000 yuan/ton. From the trend perspective, the downward trend may continue until the end of the year, and a lower price level can help supply and demand to restore balance, and may eventually fall below the 90,000 yuan/ton mark. Overall, if the supply is put into production as scheduled, the industry will be in a state of supply exceeding demand throughout the year, and the supply will continue to grow, and the price of lithium carbonate will continue to decline until it falls to a certain level, and the supply will not start to decrease. The price of lithium carbonate is above 90,000 yuan/ton, and the possibility of a significant reduction in supply is unlikely.