The lithium carbonate futures price slightly rebounded after falling for several days in a row, indicating continued intensive tug-of-war between firm fundamentals and potential supply additions. While Mysteel's survey showed a rebound in lithium carbonate production in August, the demand end is equally strong. Leading energy storage cell producers have orders booked through Q2 2027, while LFP cathode producers are fully booked through end-2026. Under full-capacity operations, demand growth is now constrained by capacity additions rather than by order intake. And the trend of spot premium/discount is worth attention.
