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Investment Rating - The report maintains a "Positive" investment rating for the lithium carbonate sector [2]. Core Insights - Lithium carbonate prices are stabilizing after fluctuations, with a focus on opportunities in incremental enterprises [2]. - The supply of lithium carbonate has been steadily increasing since the beginning of the year, but production has seen fluctuations since June [3]. - Demand from downstream production has improved, contributing to price rebounds, but the market is entering a phase of inventory accumulation [3]. - Future price trends are expected to decline initially before rising again, with a focus on demand during the peak season next year [3]. Summary by Sections 1. Market Performance - The report highlights the performance of various sectors, with specific attention to the fluctuations in energy metals and new materials [20]. 2. Energy Metals - Lithium carbonate price decreased by 1.11% to 75,550 CNY/ton, while lithium hydroxide price increased by 0.26% to 69,130 CNY/ton [23]. - The report suggests monitoring companies such as Yahua Group, Zhongmin Resources, Tianqi Lithium, and Ganfeng Lithium for potential investment opportunities [3]. 3. New Materials - The report discusses the performance of new materials, particularly in the context of power new materials and photovoltaic new materials [74]. - Prices for phosphoric acid and lithium iron phosphate have shown slight changes, with phosphoric acid remaining stable at 1.07 million CNY/ton [92].