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Summary Forecast Stats Alerts. Lithium carbonate prices sank below CNY, per tonne, the lowest since the two-and-a-half-year low of CNY, in April, amid lower demand. Battery manufacturers for new energy vehicles phased out input buying activity since the start of the third quarter as their inventories filled up and funds from previous government-led subsidies dried. The concerning macroeconomic backdrop for the Chinese economy also translated to low consumer spending for electric automobiles, driving 10 Chinese new-energy vehicle producers to offer price cuts to reduce the supply glut. Chinese commodity markets are closed on the first week of October for Golden Week celebrations.