Fubao data show lithium carbonate spot prices declined. Fubao EV battery spot
basis index -2,950 yuan/ton (unchanged). Fubao battery-grade lithium carbonate
170,000 yuan/ton (-7,000); industrial-grade (composite) 167,350 yuan/ton
(-7,000); premium battery-grade 171,000 yuan/ton (-7,000). Lithium hydroxide
index 156,833 yuan/ton (-6,000). Metallic lithium index 1,110,000 yuan/ton
(unchanged). Brine-derived lithium (lithium sulfate) discount factor 76.5%
(+1.5). Inventory holders showed active inquiry and quoting.