Last week, China's lithium carbonate market was impacted by geopolitical conflicts in the Middle East, with the market beginning to price in expectations of weakened energy storage demand in the region due to the conflict. Accompanied by a downturn in non-ferrous metals prices, lithium carbonate prices underwent a significant correction. On the spot market, downstream players actively purchased following the futures market pullback, finding support around the Yuan 150,000/tonne level.
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