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Report Industry Investment Rating - The rating for lithium carbonate is "Bullish" [6] Core Viewpoints of the Report - Last week, lithium salt prices rose again. The closing prices of LC2508 and LC2509 increased by 9.9% and 11.2% respectively. The spot average prices of battery - grade and industrial - grade lithium carbonate increased by 0.8%. The prices of lithium hydroxide continued to rise. The short - term price is expected to remain strong, and it is recommended to pay attention to the opportunity of buying on dips and the positive spread opportunity between months [2][13]. - The mining end of Ningde Times' Jianxiawo Mining Area is planned to stop production on August 9th with no short - term resumption plan. This will lead to a production loss of about 11% of domestic lithium carbonate, turn the Q3 balance sheet into de - stocking, and narrow the annual balance sheet's inventory accumulation amplitude [4][18]. Summary by Relevant Catalogs 1. Supply - side Disturbance Materializes, and the Futures Market Rises Again - From August 4th to 8th, lithium salt prices rose. LC2508 and LC2509 closing prices increased by 9.9% and 11.2% respectively. SMM battery - grade and industrial - grade lithium carbonate spot average prices increased by 0.8%. Lithium hydroxide prices continued to rise [2][13]. - In July, Chile exported 23,800 tons of lithium carbonate and lithium hydroxide, a 40% month - on - month increase and a 9% year - on - year increase. Exports to China were 13,600 tons, a 33% month - on - month increase but a 13% year - on - year decrease. From January to July, the total exports were 149,000 tons, a 6% year - on - year decrease, and exports to China were 96,800 tons, a 17% year - on - year decrease. In July, Chile shipped 10,400 tons of lithium sulfate to China, a 35% month - on - month increase and a 171% year - on - year increase [3][14]. - The mining end of Ningde Times' Jianxiawo Mining Area will stop production on August 9th with no short - term resumption plan. The annual production capacity is 100,000 tons of LCE, and the monthly production of its three supporting lithium salt plants is about 9,000 tons. After the shutdown, the domestic lithium carbonate production loss is about 11% [4][18]. 2. Weekly Industry News Review - Australia is considering setting a price floor to support key mineral projects [20]. - South Korea's POSCO made a $62 million cash offer for the exploration assets of Lithium South Development in Argentina's Hombre Muerto Salar [20]. - A 20,000 - ton/year lithium carbonate project of China Salt Lake went into production and sales on July 31st. The total investment is 2.29 billion yuan, accounting for 17% of the existing lithium carbonate production capacity of China Salt Lake [20]. - In July, Chile's lithium exports to China increased slightly. It exported 13,633 tons of lithium carbonate to China, a 13% year - on - year decrease but a 33% month - on - month increase, expected to arrive at Chinese ports in August - September [21]. - Ningde Times' Jianxiawo Mining Area's mining end will stop production on August 10th with no short - term resumption plan [21]. 3. Key High - frequency Data Monitoring of the Industry Chain 3.1 Resource End: Lithium Concentrate Spot Quotes Rebound - Lithium concentrate spot quotes rebounded [22] 3.2 Lithium Salt: The Futures Market Rebounds Strongly Again - The lithium salt futures market rebounded strongly again [24] 3.3 Downstream Intermediates: Quotes Rise Slightly - The quotes of downstream intermediates rose slightly [37] 3.4 Terminal: China's New Energy Vehicle Inventory Continued to Decline in June - China's new energy vehicle inventory continued to decline in June [43]