The most-traded GFEX (Guangzhou Futures Exchange) lithium carbonate contract bottomed out and showed continuous rebound in the week ending July 3, with the settlement price marking a weekly rally of around 13.50% compared with the previous Friday June 26, data showed. On the news front, on the evening of June 29, an industry insider close to CATL stated that "all productionrelated permits have now been secured, with the most critical one, the safety production permit, obtained on the same day." This is piece of news has been interpreted by market players as the strongest signal for a real production resumption since its closure in August 2025.