The most-traded lithium carbonate futures contract on Guangzhou Futures Exchange (GFEX) slumped in the session ending October 15, with the settlement price declining 15.56% against the previous Friday, data showed. The market players continued to trade the lithium carbonate supply-demand balance sheet for early 2027, with bearish signs converging on the market, including Jianxiawo mine re-starting the environmental impact assessment, Jiangte Motor's lithium mine passing safety check, as well as the EU mulling over halving electric vehicle imports. In addition, the domestic sales of EVs in September failed to validate the traditional seasonal high.