The most-traded lithium carbonate futures price rebounded yesterday after staying on the downward track for several days in a row, which was partly due to the shorts leaving the market after paying off rather than a substantial improvement on the fundamentals. In addition, the sustained destocking of GFEX warrants slightly eased the bearish sentiment, offering certain support.
Nevertheless, the market remained constrained by expected supply growth and ambiguous demand outlook. And recent surveys have shown signs potential cathode production cuts in November, further weighing on the market sentiment.
