For lithium carbonate, the futures price resumed momentum with the combined impacts of low lithium inventory as well as Zimbabwe's export ban still in place, as well as potentially disrupted mining activities in Australia due to fuel shortage amid on-going geopolitical tensions in the Middle East. On the other hand, the rapid price hike slowed the downstream procurement. Coupled with the robust LFP production scheduling in April, the lithium carbonate prices are expected to maintain momentum in the near term.