China Commodity Futures Close: Lithium Carbonate Main Contract Down Over 11%

The scale of the lithium carbonate drop, against a broadly weaker commodity board, points to a demand-side repricing rather than an isolated contract move — the same session that punished methanol, asphalt and live hogs spared only rubber and Shanghai silver. That divergence matters for anyone tracking the battery supply chain, where lithium is the key input and Chinese futures are the most liquid price signal. Whether the weakness spreads into other industrial commodities, or stays concentrated in lithium, is the open question.