For lithium carbonate, the futures price hit limit down Friday November 21 amidst the wrestling between longs and shorts. On the fundamentals, firm lithium ore prices squeezed the profits of refineries. And the supply remained high, in addition to mounting concerns of production resumption. On the demand end, the downstream demand was bullish, while the current spot transactions were slow. It is likely that the lithium carbonate prices will keep rangebound in the near term.