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On August 12, the Lithium Industry Branch of the China Nonferrous Metals Industry Association released a statement directed at enterprises within the lithium industry chain, urging them to resist vicious competition and collaborate in fostering a fair and stable market environment. Observers noted that an 'anti-involution' trend is arising, with policies steering towards price hikes, boosting expectations, and recalibrating supply and demand. This initiative could be orchestrated by relevant authorities through symposia, with the association appealing to enterprises to adopt it, leading enterprises moderating production and increasing prices, and smaller and medium-sized enterprises following suit. These concerted efforts are anticipated to propel the lithium industry towards sustainable growth.
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