Zhi Tong Cai Jing·2025-07-31 06:17Group 1 - Lithium stocks continue to decline, with Tianqi Lithium (002466)(09696) down 4.25% at HKD 34.9 and Ganfeng Lithium (002460)(01772) down 4.21% at HKD 26.15 [1] - On July 31, lithium carbonate futures main contract fell over 6%, currently reported at CNY 68,300 per ton [1] - Southwest Futures indicates that the supply-demand structure of the lithium carbonate market remains unchanged, with supply from the resource side still strong [1] Group 2 - Although some major manufacturers have halted production for maintenance, the overall supply remains high, and recent consumption has shown improvement due to increased production in July, primarily supported by energy storage demand [1] - However, downstream purchasing sentiment is cautious due to high prices, coupled with ample inventory leading to a strong wait-and-see attitude, resulting in relatively quiet trading [1] - The fundamental oversupply situation has not been reversed, although there remains significant uncertainty regarding supply from the mining sector [1]