碳酸锂：供给压力偏强，偏弱震荡延续

Report Summary 1. Report Industry Investment Rating No information about the report industry investment rating is provided in the given content. 2. Report's Core View The report indicates that the supply pressure of lithium carbonate is relatively strong, and the weak and volatile trend continues. The trend intensity of lithium carbonate is 0, suggesting a neutral outlook [1][3]. 3. Summary by Related Catalogs 3.1 Fundamental Tracking - Futures Market: For the 2507 contract, the closing price was 59,940 yuan, down 500 yuan compared to T - 1; the trading volume was 169,471 lots, down 237 lots; and the open interest was 147,432 lots, down 15,450 lots. For the 2509 contract, the closing price was 59,800 yuan, down 680 yuan compared to T - 1; the trading volume was 177,158 lots, up 22,618 lots; and the open interest was 266,931 lots, up 28,351 lots [1]. - Spot Market: The price of battery - grade lithium carbonate was 60,650 yuan, unchanged from the previous day; industrial - grade lithium carbonate was 59,050 yuan, also unchanged. The price of lithium spodumene concentrate (6%, CIF China) was 629 dollars, down 2 dollars; lithium mica (2.0% - 2.5%) was 1,225 yuan, unchanged [1]. 3.2 Macro and Industry News - Price Information: The SMM battery - grade lithium carbonate index price was 60,700 yuan/ton, down 101 yuan/ton compared to the previous working day. The average price of battery - grade lithium carbonate was 60,650 yuan/ton, unchanged; industrial - grade lithium carbonate was 59,050 yuan/ton, unchanged [2]. - Project News: Surge Battery Metals' Nevada North Lithium Project (NNLP) is expected to become a low - cost, long - cycle supply source of battery - grade materials in the US market. The project plans to build a lithium processing plant in two phases, with a total expected ore mining volume of 205 million tons and an average lithium grade of 4016 ppm. The annual processing capacity will reach 4.88 million tons on average over the project's lifecycle [3]. - Inventory Information: As of June 13, the lithium ore spot inventory in ports and warehouses of 24 sample lithium ore traders was 222,000 tons, down 1000 tons compared to the previous week. The salable inventory was 81,000 tons, down 9000 tons [3].