Further to the above, while early, green shoots appearing, in line with what Andrew Miller was referring to;

GLOBAL LITHIUM WRAP: China lithium carbonate prices firm on bullish sentiment

China’s domestic battery-grade lithium carbonate market kept firm with more producers insisting on higher offers in the week to Thursday September 3 on expectations of renewed downstream demand and elevated local prices, although not all market sources are certain this will materialize, Fastmarkets heard.

• China’s battery-grade lithium carbonate offer prices flat with producer expectations of higher prices in coming weeks.
• China’s lithium hydroxide market steady this week amid limited fluctuation.
• Seaborne Asian market makes no significant rise while prices are rangebound.
• Europe, US lithium technical-grade carbonate spot markets drift lower.

China’s spot battery-grade lithium carbonate market maintained its momentum in the first week of September with most producers pushing for offer prices of around 40,000 yuan ($5,846.86) per tonne or above, while some separate deals were reported at 39,000-40,000 yuan per tonne.
Concurrently, a few small deals with lower concluded prices of 37,000-38,000 yuan per tonne for battery-grade carbonate were heard in the spot market, sources said.
Fastmarkets’ weekly price assessment for lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price range exw domestic China was 37,000-41,000 yuan ($5,408-5,993) per tonne on Thursday September 3, unchanged week on week and stable since July 9.
“There were more offers reported at 40,000-41,000 yuan per tonne for battery-grade lithium carbonate this week. We heard some deals at 39,000-40,000 yuan per tonne, moving up from 38,000 yuan per tonne, with lower priced deals dwindling. But we haven’t placed more spot orders yet,” one buyer said.
“We’ve been told some key producers have tight supply and current battery-grade lithium carbonate prices are firm. Despite some downstream sectors showing signs of recovery, the overall market hasn’t totally picked up so I’m not sure prices will increase by a large range,” a second buyer revealed.
“The market is getting some positive sentiment from downstream customers’ purchasing, especially on quantity. Our existing customers are increasing their volumes and we expect lithium prices to recover in the fourth quarter of 2020,” a producer told Fastmarkets.