By the close of trading on the morning of October 12, the 2,701 lithium carbonate futures contract fell 8.37% to close at 10,800 yuan/ton, falling below the 110,000 yuan mark, breaking the New Year's low. Compared to the contract's high of more than 200,000 yuan/ton in mid-May this year, it has almost been “cut” in less than half a year. “The adjustment of the lithium carbonate market is affected by many factors. One is the easing of long-term supply pressure, and the second is that demand weakens during the peak season and the logic is strengthened. Furthermore, peripheral shortfalls have not been clearly clarified, and there have also been changes on the financial side.” Ju Cunquan, Fubao lithium battery analyst at Zhuochuang Information, mentioned that Jiangte Electric announced on October 11, 2026 that the company received the “3 Million Tons/Year Mining Project Safety Facility Design Review Opinion” issued by the State Mine Safety Supervision Administration and agreed in principle that the safety facility design passed the review. The mine's theoretical LCE production capacity is 15,000 tons/year. In addition, the Yichun Municipal Bureau of Ecology and Environment once again issued an announcement on October 8 to accept the EIA for the Jianxiawo lithium mine. Mica mineral capacity release expectations have strengthened, and market concerns about further easing of long-term supply are rising. Meanwhile, lithium carbonate supply and demand data were weak in September, and the “peak season counterfeiting” transaction path was strengthened. After entering October, overall supply and demand did not improve significantly, and today it was reported that major manufacturers lowered production schedules. Although not confirmed, it still heightened market concerns about fundamentals. Furthermore, the lithium battery equity sector bucked the trend last week, mainly due to strong production schedules in October and the solid state battery policy. However, there has been a clear outflow of capital today, putting a joint strain on futures market sentiment.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.