February 24th News: Morgan Stanley predicts that lithium carbonate prices will fall to $15,000 per ton in the second half of 2026. Chempricehub analysis of lithium carbonate, bullish-bearish score: -2. Morgan Stanley forecasts that lithium carbonate prices will drop to $15,000 per ton (approximately ¥105,000) in the second half of 2026, representing a decline of over 30% compared to the current main futures contract (e.g., the closing price of the 2605 contract at ¥152,640 per ton). This indicates market expectations of oversupply or weak demand. This constitutes a significant bearish factor for spot prices, potentially triggering inventory sell-offs and downward pressure in the spot market. Meanwhile, futures market data shows that recent contracts have generally declined (e.g., the settlement price of the 2605 contract at ¥148,440 per ton, with a decrease in open interest). The forecast reinforces bearish sentiment, which may drive an increase in short positions and further depress futures prices.