For lithium carbonate, the spot transactions reported by the traders slowed against the rapid price hike, and the players closed the orders when the futures price was between Yuan 140,000-144,000/tonne last Friday January 9. In addition, news came that China will reduce the export tax credits from 9% to 6% for some products starting April 1, 2026, including lithium-ion batteries, triggering expectations of an export rush before the said time point.