Lithium carbonate futures prices plummeted, industry insiders say the main reason was the decline in January's sales data for new energy vehicles.

On January 16, the price of lithium carbonate futures once again fell, with the main contract 2605 closing at 14.62 yuan/ton, a decrease of 8.99%. On the same day, Zheng Xiaoqiang, a lithium industry analyst at Shanghai Steel Union's New Energy Business Unit, analyzed that the recent rise in lithium carbonate prices was mainly due to short-term supply disruptions combined with continuous growth in downstream demand, and the core logic still revolves around changes in the fundamentals; the recent price decline is mainly due to the impact of declining sales data for new energy vehicles in January, accelerated shipping of overseas mine supplies, and the fading of speculative sentiment.