Group 1 - Lithium stocks experienced significant declines, with Tianqi Lithium down 3.82% to 36.5 HKD and Ganfeng Lithium down 3.36% to 27.35 HKD [1] - The main contract for lithium carbonate, LC2509, saw a substantial reduction in positions, with a drop of 6% [1] - According to CITIC Futures, the weekly production from SMM showed a slight decline, primarily due to reduced output from salt lake sources, while the impact of maintenance on actual supply was limited [1] Group 2 - The overall inventory trend remains upward, but strong price increases are causing inventory to shift from upstream to intermediate stages [2] - Despite production cuts in Jiangxi and Qinghai, domestic output continues to rise, while July saw a year-on-year decline in retail and wholesale sales of new energy vehicles, with only the energy storage market showing growth [2] - The anticipated "anti-involution" policy in the bulk commodity market has made compliance risks regarding mining licenses in Jiangxi a focal point in the lithium carbonate market [2]