The main lithium carbonate futures contract hit a standstill in the intraday period on Friday. The intraday decline reached 6.97%, a new low since listing. Compared with the listing benchmark price of 246,000 yuan/ton, the biggest cumulative decline in the last four months is about 58%. According to incomplete statistics, as of press release, 12 listed companies involving lithium carbonate, including Yahua Group, Tianqi Lithium, Zangge Mining, Tibet Everest, Salt Lake Co., Ltd., Yongxing Materials, China Mining Resources, Sichuan Energy, China Salt Lake Co., Ltd., Penghui Energy, Everweft Lithium Energy, and Shengyang Co., Ltd., responded to the current business situation and countermeasures on an interactive platform this week. Salt Lake Co., Ltd. mentioned that the fall in the price of lithium carbonate will reduce the company's profit margin. Sichuan Energy Power said that part of the company's revenue decline in July-September was due to a decrease in lithium battery revenue (related to falling prices of lithium mines and lithium salt). In terms of follow-up measures, Tianqi Lithium said it will comprehensively consider raw materials and product inventories to rationally plan the pace of future lithium concentrate procurement and production. Yahua Group also said it will adjust production according to market demand, and will also use options and futures hedging tools to deal with the risk of price fluctuations.