The most-traded GFEX (Guangzhou Futures Exchange) lithium carbonate futures contract showed an inverted V-shaped trend last week, with the settlement price closing the session with a weekly contraction of 10.10% against the previous Friday, while the biggest bearish impact came from rumors of an accelerated restart at Jianxiawo Mine, data showed. On the spot market, the spot lithium carbonate transactions more than doubled from the previous session, with buyers purchasing actively on the dip and traders' stocks showing palpable reductions. The warrants continued to decline, but the pace of drawdown has yet to accelerate.