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Lithium carbonate futures have been fluctuating and trending downward. The lithium carbonate market is currently facing a structural contradiction characterized by upstream stockpiling and downstream wait-and-see sentiment. With Zimbabwe's policy expectations shifting from tight to more relaxed, has the supply disruption narrative for lithium carbonate collapsed?

According to Odaily, a Polymarket trader increased approximately $13,000 to about $475,000 by betting on the ceasefire between the United States and Iran, achieving a return rate of over 3,500%.

Glonhui April 8｜The United States has agreed to a two-week ceasefire with Iran in exchange for the reopening of the Strait of Hormuz. This news triggered a significant surge in the nonferrous sector. As of 11:00, the Nonferrous Metals ETF Southern (512400) was up 5.27%, with trading volume exceeding 956 million RMB, showing active trading.Nonferrous metals are rising due to the following factors:1. The situation in the Middle East has eased, energy prices have dropped, and previously suppressed nonferrous metals are experiencing a rebound, particularly rare metals that are in high demand in the technology sector.2. Domestic macroeconomic data is improving; in March, the official manufacturing PMI climbed to 50.4%, returning to the expansion zone, and the new orders index also showed a significant increase.3. The industry is performing strongly. According to the China Nonferrous Metals Industry Association, total profits of nonferrous metal enterprises above scale increased by 133.5% year-on-year from January to February.4. The State Council issued regulations on the security of industrial chain and supply chain, further strengthening the protection of key mineral resources such as copper and aluminum.Institutions believe that from a long-term perspective, the center of gravity for precious metal prices is rising for two main reasons: on one hand, geopolitical risks are elevated, accelerating the reconstruction of global political and economic order; on the other hand, concerns over the sustainability of US fiscal policy are intensifying, with the ongoing de-dollarization process and global central banks continuously increasing gold reserves collectively boosting the value of physical resources.Nonferrous Metals ETF Southern (512400) closely tracks the CSI Shenwan Nonferrous Metals Index, comprehensively covering core assets throughout the industry chain including copper, aluminum, lithium, rare earths, and gold, effectively reflecting the overall sector performance. Its latest scale is 27.696 billion RMB, ranking first among nonferrous themed ETFs. The off-exchange connection fund code is (Class A: 004432, Class C: 004433).