Group 1 - The price of battery-grade lithium carbonate in China has rebounded to 62,600 CNY/ton as of July 9, marking a 1.51% increase from the beginning of the month, but a 35.6% decrease year-on-year [1] - Industrial-grade lithium carbonate price reached 60,966 CNY/ton, up 2.52% month-on-month, and down 35% compared to the same period last year [1] - The lithium battery sector is expected to see a recovery in profitability and revenue growth, driven by high demand in the supply chain and new technologies like solid-state batteries emerging in the second half of 2024 [1] Group 2 - The industry maintains an optimistic long-term growth outlook for demand, with companies utilizing cash reserves in anticipation of market improvement [2] - The entry of low-cost salt lake and integrated Chinese enterprises has strengthened the supply side's ability to withstand price fluctuations, potentially delaying the industry's turning point [2] - Companies with low-cost resources and diversified non-lithium operations are positioned to navigate the industry downturn effectively, with recommendations for specific stocks such as Zhongkuang Resources and others [2]