According to the research report from Everbright Securities, the price of lithium carbonate has been on a continuous upward trajectory since the second half of 2025. Driven by cost factors and an improved supply-demand balance, prices of key lithium battery materials, including lithium hexafluorophosphate, separators, and electrolytes, have all witnessed an increase. Previously, the lithium battery materials industry was in a downturn, leading major companies to scale back their expansion plans. However, given the sustained growth in downstream demand, the supply landscape for lithium battery materials is poised for optimization. Moreover, industry policies and technological advancements are expected to further bolster the market share of leading companies. Amidst a notable surge in lithium carbonate prices and a slowdown in new production capacity for lithium battery materials, Everbright Securities remains optimistic about the recovery and prosperity of the lithium battery materials sector.