The price of lithium carbonate is affected by a variety of factors, including supply and demand, raw material costs, policy support, technological advances, market expectations, macroeconomic environment, new energy vehicle sales, energy storage market demand, the global economic situation. The following is a detailed analysis of these influencing factors:

Supply and demand: the supply and demand of lithium carbonate is a key factor affecting the price. When the supply increases or the demand decreases, the price may fall; conversely, when the demand increases or the supply decreases, the price may rise

Raw material costs: the price of lithium ore and salt lake brine directly affects the production cost of lithium carbonate, which in turn affects the price of the product.

Policy support: Government support policies for new energy vehicles and energy storage industry may stimulate the demand for lithium carbonate, thus pushing up the price.

Technological progress: Improvements in battery technology may reduce the demand for lithium carbonate per unit of product, thus affecting the price.

Market expectations: Market expectations of future supply and demand conditions may also affect the current price of lithium carbonate.

Macroeconomic environment: Changes in the macroeconomic environment, such as economic growth or recession, will affect industrial production and consumer demand, which in turn will affect the price of lithium carbonate.

New energy vehicle sales: as the main application of lithium carbonate, the sales of new energy vehicles are directly related to the demand for lithium carbonate.

Energy storage market demand: the growth of the energy storage market may increase the demand for lithium carbonate, which will have an impact on the price.

Global economic situation: changes in the global economic situation, especially in countries and regions with high demand for lithium resources, will also affect the price of lithium carbonate.

In 2024, lithium carbonate prices are likely to continue to be affected by changes in supply and demand. With the development of new energy vehicles and the energy storage market, the demand for lithium carbonate is expected to grow in the long term, but in the short term, prices may be adjusted due to fluctuations in market supply and demand.