According to monitoring, on November 2, the average price of battery-grade lithium carbonate was 41,155 yuan/ton, an increase of 29 yuan/ton from yesterday and a cumulative increase of 4.06% from the previous quarter. At present, manufacturers' inventory levels are low, quotations are firm, and the market is bullish. A few days ago, the Australian lithium concentrate company Altura entered bankruptcy management, and its production capacity accounted for about 5% of the world. Li Bin of Huatai Securities believes that the current lithium price has fallen and the destocking of the industry has basically been completed; and the establishment of the global automotive electrification trend, the rapid growth of power battery demand will directly boost the demand for lithium salt, and the industry will usher in an upward recovery.