Xinhua News Agency, May 16, China International Capital Corporation pointed out that lithium mine prices and lithium salt prices will further converge. Overseas customers will not buy lithium salt for a long time at a premium much higher than the Chinese market, and the profits of lithium smelters will eventually return to a reasonable range. If the rebound in domestic lithium salt prices is not strong enough to completely reverse the above upside-down situation, lithium mine prices may continue to face some downward pressure. Although some lithium mining enterprises intend to adopt volume-for-price strategy, considering that the recovery of downstream demand is relatively mild, the digestion of industrial chain inventory still takes some time, and the supply-side release is still relatively sufficient, it is considered that the possibility of a short-term rebound in lithium prices to cover the current high cost of lithium mines is not high, and the price-up behavior of lithium mining manufacturers may be difficult to maintain in the long run.