ChemPriceHub highlights: Lithium carbonate futures hit a 9% limit down at the close.

On December 29th, the CAOLIFECO Lithium Futures on the Guangzhou Commodity Exchange hit the daily limit downturn, with a decline of 9%. PriceSeek assessed the situation with a negative score for Lithium Carbonate, rating it -2. The article pointed out that on December 29th, the Lithium Carbonate futures on the Guangzhou Commodity Exchange hit the daily limit downturn, with a significant decline of 9%, indicating strong selling pressure in the market. In conjunction with recent futures data, the Lithium Carbonate contracts (such as the 2605 contract closing at 118,820 yuan/ton, with a significant decrease), have generally fallen, and the open interest has significantly decreased (such as the change in open interest for the 2605 contract -64,690), indicating investors are extremely pessimistic about the future market and expecting prices to further decline. This poses a significant downward risk to the spot price of Lithium Carbonate, likely due to weak demand from new energy vehicles or oversupply in lithium mines. Therefore, it is given a major bearish rating -2.