SMM February 29th News: Following a sharp rise of 6% in the intraday trading on February 28th, lithium carbonate futures prices continued to show strength after the opening on February 29th, and accelerated in the afternoon, with the increase reaching 9.25% at one point. The main lithium carbonate contract once explored to 119,800 yuan/ton, reaching a new high of over 3 months since November 2023. As of the daytime closing, the main lithium carbonate contract reported a 9.21% increase to 119,200 yuan/ton. Multiple contracts such as 2409, 2412, 2411, 2410, 2501, 2502 rose by over 7%, and contract 2408 rose by 8.47%. Contracts 2405, 2407, 2406, 2403 rose by over 9%.
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