January and February are seasonally low season for new car sales...

January and February are seasonally low season for new car sales due to Chinese new year holiday.
CITIC expects lithium price to bottom out by the end of this month.

Industry insiders believe that the price drop of lithium carbonate is due to short-term factors such as the impact of the epidemic, year-end maintenance, and the Chinese New Year Festival effect. With the changes of these variables, the demand of downstream enterprises for lithium carbonate will gradually increase.

CITIC Securities said that looking forward to the market outlook, it is expected that the tight supply situation in the lithium industry will be difficult to ease in the first half of 2023. With the destocking of the industrial chain and the recovery of the demand side, lithium prices are expected to stop falling after the Chinese New Year Holiday, driving the lithium sector to rebound.