Report Summary Core View - The safety incident at Albemarle's lithium carbonate production line in Chile has affected its overall capacity utilization, and if the shutdown period is long, it may lead to a decline in the amount of lithium carbonate exported to China in August and imported by China in September, which will boost the upward sentiment of lithium carbonate prices, and the recent price center of lithium carbonate has been running strongly around 85,000 yuan/ton [4][5] Company Information - Albemarle in Chile currently has a lithium carbonate production capacity of approximately 80,000 tons. Due to a serious safety incident in the production process, some production lines have entered a suspension state, and the specific recovery time is to be determined after safety assessment and rectification work [4] - Albemarle has an annual production capacity of 84,000 tons in the Atacama Salt Lake, of which the expanded production capacity of 40,000 tons/year has contributed an increase as scheduled. The total production capacity of the La Negra Phase I to Phase IV projects is 84,000 tons/year, and the production capacity of Phase I and Phase II is 44,000 tons/year LCE. The Phase III and Phase IV projects need to complete the expansion through the Salar production increase project, and the production capacity utilization rate climbed to 50% in 2024 [4] Industry Data - According to Chilean customs, Chile's lithium export volume in July was 23,824 tons, of which the lithium carbonate export volume was 20,930 tons, and 13,633 tons of lithium carbonate were exported to China. The export volume of lithium carbonate from Chile was low in May and June and increased in July with the rise in lithium carbonate prices [5]