For lithium carbonate, the futures price remained rangebound, while the spot transactions by month-end slightly improved. On the demand end, the December LFP production scheduling drops 1.14% compared with November production, which is basically flat month-on-month. And players are advised to watch how the traditional seasonal lull in power battery sector and robust demand in energy storage sector will impact the actual production. The lithium carbonate prices are likely to remain rangebound in the near term.