Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - The lithium carbonate futures market showed a pattern of rising and then falling, with the anti - involution logic on the disk continuing to cool down, and related varieties all declined. Due to ongoing disturbances at the Jiangxi ore end, lithium carbonate performed slightly stronger, with the main contract breaking through 70,000 yuan during intraday trading. The spot market for electric carbon remained flat at 71,350 yuan, and the basis of the current lithium carbonate spot market strengthened. Downstream market sentiment remained highly cautious, with purchases mainly for immediate needs and no obvious restocking behavior. Both Australian and mica ore prices remained unchanged, and the spot market showed resistance to decline. The current focus in the lithium carbonate market is on the shutdown situation of upstream lithium resources, and cautious sentiment will persist until the shutdown expectations are realized. Short - term cautious observation is recommended [12]. 3. Summary by Directory 3.1 Market Review and Trading Recommendations - The lithium carbonate futures market saw a rise followed by a fall, with related varieties declining. The main contract of lithium carbonate briefly exceeded 70,000 yuan due to ore - end disturbances in Jiangxi. The spot price of electric carbon remained at 71,350 yuan, and the basis strengthened. Downstream buyers were mostly engaged in刚需 purchases, and there was no obvious restocking. Ore prices were stable, and the market was cautious about upstream resource shutdowns, suggesting short - term cautious observation [12]. 3.2 Industry News - On August 1st, the 10th - anniversary technology release and strategic cooperation signing ceremony of Chengdu Bamoo was held in Chengdu. The governments of Aba Prefecture and Jintang County signed strategic cooperation framework agreements with Chengdu Bamoo, focusing on regional coordinated development, industrial cluster upgrading, and cultivating an innovation ecosystem. Chengdu Bamoo, established in 2015, is a Sichuan - based subsidiary of Huayou Cobalt and a major production base for ternary cathode materials. Huayou and Bamoo Technology proposed five key strategies, including large - cylindrical battery layout, solid - state battery layout, humanoid robot and eVTOL layout, high - end orientation, global layout, and corporate soft - power building. - Adani Group is exploring cooperation with Chinese electric vehicle giant BYD, which would enable Adani to produce batteries in India and expand its business in the clean energy sector. Adani's chairman is personally leading the negotiations with BYD executives, with the latest round taking place last week [13].