The uncertainties centering the Jianxiawo's restart triggered great price volatility yesterday, with the most-traded GFEX lithium carbonate contract closing the session with mild losses. Yet, the market remained firmly supported by firm fundamentals as well as expectations for upcoming traditional seasonal high, with September production scheduling likely to validate the peak-season. On the other hand, the market faced pressure from mounting warrants as well as downstream players unwilling to chase highs. Therefore, it is expected that the lithium carbonate prices will keep rangebound in the short period.
