Data from the lithium industry for November 2025 reveals a clear upward trajectory in futures prices of lithium carbonate, accompanied by heightened volatility. The financial performance of lithium companies, as reflected in their third-quarter reports, has shown marked improvement, fostering a sense of optimism within the market regarding the future trajectory of lithium prices.

From a supply perspective, there has been a noticeable acceleration in the depletion of market inventories. News concerning the lithium mines operated by CATL has induced fluctuations in the market, leading to a marginal decrease in lithium salt production. While lithium extraction from spodumene has witnessed a slight uptick in output, production from lepidolite has experienced a modest downturn.

On the demand front, the new energy vehicle sector is experiencing a surge in sales as the phase-out of subsidies looms, and the energy storage sector is demonstrating particularly robust performance.