Spain June harmonized CPI (HICP) preliminary MoM +0.6% vs. +0.4% expected; May +0.10%.

Minmetals Futures said weekend reports of supply-side restarts are pressuring lithium carbonate and prices are likely to open lower. Supply: H2 incremental lithium carbonate output will be driven mainly by spodumene, with overall release pacing slightly faster than H1. Demand: downstream orders remain full; July–August is a seasonal EV consumption trough but downstream production continues to rise MoM, and peak demand is expected in Sept–Oct. Overall, Minmetals judges the annual supply–demand balance will remain tight — even if a large Jiangxi lithium mine resumes production. A near-term price decline may prompt downstream buyers to bring forward restocking, which would limit downside.

A-share semiconductor equipment stocks rallied again in afternoon trade; Huahai Qingke and Jingyi Equipment jumped over 11%, Jinhaitong and Huaya Intelligent earlier hit limit-up, while Huafeng Measurement & Control and Xinyuan Micro also climbed.