Group 1 - Lithium stocks continue to decline, with Tianqi Lithium down 4.25% at HKD 34.9 and Ganfeng Lithium 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 balance in the lithium carbonate market remains unchanged, with supply still robust despite some major manufacturers undergoing maintenance [1] Group 2 - Although there has been a slight decrease in supply this week due to maintenance, overall supply levels remain high [1] - Recent improvements in downstream consumption are noted, with July production increasing primarily due to energy storage demand [1] - However, there is a strong reluctance to purchase at high prices in the downstream market, coupled with ample inventory leading to a cautious trading atmosphere [1]