[CICC: lithium prices are expected to stabilize and rebound pay attention to four structural changes] April 20, China International Capital Corporation reported that the accelerated downward trend of lithium carbonate prices is difficult to sustain, and in the short term, with the consumption of lithium stocks in smelters, lithium prices are expected to gradually stabilize or even rebound, but due to insufficient clearance on the supply side, the downward trend of lithium prices can hardly be reversed, and attention should be paid to the four structural changes in the process of price decline. First, the decline in prices leads to short-term supply contraction, second, the procurement demand of downstream enterprises shows signs of gradual recovery, third, the inventory of lithium salt in domestic smelters is at a high level, and fourth, the global lithium price system is historically separated.