China's lithium market saw the most-traded lithium carbonate futures price hit limit up and down in the reporting period (November 15 21), while the average price of the contract managed to close the session in the positive. The price hike last week was basically triggered by bullish sentiment on some predictions that lithium price could hit Yuan 150,000-200,000/tonne in 2026, while the fundamentals were little changed. However, the contract pulled back and touched limited down on November 21, with an intraday contraction of 9% with the market transactions stalling at such high lithium prices. Also, the once again rumored production resumption triggered extensive concerns over potential supply increase.