Battery-grade lithium carbonate midpoint falls to 102,500 yuan/tonne

The move itself is small, but the direction is the story: battery-grade lithium carbonate continues to grind lower, and the fact that SMM's reference point is being tracked at both a morning and a previous-session close shows how closely the supply chain watches these daily prints. That matters most for cathode and cell makers pricing contracts off spot, and for miners whose margins sit near the cost curve. Whether the decline broadens beyond a single session's midpoint is the open question.