Recently, the lithium carbonate market showed a continuous decline in prices. Industry experts predict that the future price of lithium carbonate may continue to oscillate low. This is mainly attributable to the significant changes in supply and demand: new energy vehicle market demand growth has slowed down, while the supply of lithium resources in the previous expansion ushered in a concentrated release. This imbalance on the profitability of the upstream mining enterprises constitute a challenge. At the same time, the low price of lithium carbonate has also put pressure on the cost and profitability of power batteries, new energy vehicles and other downstream enterprises, causing widespread concern among investors. Mining companies are actively seeking to respond to market changes through cost reduction, counter-cyclical mergers and acquisitions, and other measures, while downstream companies are also trying to adjust their strategies to meet the challenges posed by fluctuations in raw material prices.