Lithium carbonate prices moved lower last week, while spot transaction volumes expanded notably. The most-traded GFEX LC2609 closed 6.58% lower on Friday at around Yuan 160,000/tonne. On the news front, the Jianxiawo mine appears to be advancing its restart plan, though the exact timeline for resuming the production remains uncertain. In the spot market, downstream buyers continued to purchase on dips, with trading volumes rising palpably as prices were around Yuan 160,000/tonne. However, the spot basis stayed weak throughout the week. Traders' inventories declined steadily last week, and GFEX warrants also edged lower.
