Lithium Carbonate Futures Extend Slide to 107,060 Yuan/Tonne

The scale of the move matters more than the daily print: a front-month contract down roughly a third since September, with spot now trading above futures, points to a market repricing the battery-materials chain rather than a single-session wobble. That spread structure — spot holding firmer than paper — is the detail worth watching, since it hints at how much of the decline is sentiment versus physical demand. Whether the year-low holds, and whether spot follows futures lower, is the open question for anyone tracking RWA-linked commodity exposure.