The most-traded lithium carbonate futures contract on Guangzhou Futures Exchange (GFEX) showed an inverted V-shaped trend but still closed in the negative in the session ending October 30, with the settlement price declining 3.99% against the previous Friday, data showed. Despite a rebound from earlier overselling, the bears took the lead throughout the week, with the largest impact stemming from the solid progress regarding Jianxiawo's anticipated restart. In addition, Mysteel's latest survey confirmed a similar reduction in LFP cathode production scheduling in November with a monthly contraction of 1.15% at around 600,8000 tonnes, following a modest monthly increase of 0.76% in October.