碳酸锂价格，巨震！

Core Viewpoint - The recent volatility in lithium carbonate prices has significantly impacted the A-share market, leading to dramatic fluctuations in related concept stocks. Despite short-term price drops, the long-term outlook for lithium carbonate remains optimistic due to ongoing demand from energy storage and electric vehicles [1][3][7]. Price Fluctuations - Lithium carbonate futures prices recently surged past 100,000 yuan/ton before experiencing a sharp decline. On November 24, the main contract fell by 2.88%, marking the second consecutive day of decline, following a 9% drop the previous Friday [3][6]. - The Wenke Lithium Mining Concept Index dropped by 4.93% on November 24, with several stocks hitting the daily limit down. This followed a previous week where the index experienced a significant drop of 9.67% [3][6]. Company Performance - Salt Lake Co. reported stable operations in its 40,000-ton lithium salt project, achieving a daily output of 60-70 tons with a purity of over 99.7%. The company anticipates exceeding its annual production target of 3,000 tons [3]. - Tongxing Technology noted that rising lithium carbonate prices have increased cost pressures in the lithium battery supply chain, while also highlighting the growing market interest in sodium-ion batteries as a complementary technology [4]. Supply and Demand Dynamics - According to analysts, the recent price surge was driven by improved fundamentals and seasonal demand, but subsequent adjustments in trading fees and opening limits led to a cooling market sentiment [6]. - As of November 20, lithium carbonate weekly production was approximately 22,100 tons, reflecting a month-on-month increase of 585 tons, indicating a tightening supply-demand balance [6]. Future Outlook - The supply-demand dynamics are expected to remain strong through December, with potential easing if the Jiangxia Lithium Mine resumes production. This could exert downward pressure on lithium carbonate prices [7]. - From a long-term perspective, global lithium resource projects are projected to continue their rapid release cycle until 2026, with energy storage expected to become a significant growth driver alongside electric vehicles, potentially stabilizing lithium carbonate prices [1][7].