CATL(SZ:300750) Zheng Quan Shi Bao·2025-09-04 18:49Core Viewpoint - The recent rebound in lithium carbonate futures indicates a potential market bottom, but long-term price support remains uncertain due to high inventory levels and supply chain dynamics [1][4]. Supply and Demand Analysis - As of August 28, lithium carbonate production capacity utilization was at 48.44%, with a weekly output of 15,200 tons, reflecting a 1.3% decrease from the previous period [2]. - The utilization rates for ternary materials and lithium iron phosphate were 56% and 63%, respectively, indicating stable production levels in the current demand environment [2][3]. Market Sentiment and Price Dynamics - The market is currently focused on the mining permit changes for the remaining seven mines in Jiangxi, with speculation about the resumption of operations at the Jiangxiawo mine by September 20 [4]. - Analysts suggest that the recent price decline is more influenced by market sentiment and futures trading rather than fundamental supply-demand factors, which remain strong [4].