Fubao battery-grade lithium carbonate spot basis index -2,785 yuan/tonne (unchanged). Battery-grade lithium carbonate 153,250 yuan/tonne, up 2,000; industrial-grade (composite) 150,600 yuan/tonne, up 2,000; premium battery-grade 154,250 yuan/tonne, up 2,000. Lithium hydroxide index 138,333 yuan/tonne, up 2,000. Metallic lithium index 1,092,500 yuan/tonne, down 5,000. Fubao brine (lithium sulfate) discount factor 76.5%, down 0.5 percentage point.

According to i24News, the Israel Defense Forces said it will conduct a military drill in the Eilat area on Tuesday morning; security forces and naval vessels will be active but the military said the activity will not pose a security threat.

ING analyst Bert Colijn said June euro-area PMI still shows overall business activity in contraction, but easing energy prices have reduced price pressures. Input-cost growth in both manufacturing and services slowed and firms’ own price increases were smaller than in May. Weak growth combined with subsiding inf will curb the ECB’s appetite for large rate hikes, as the current inf backdrop is insufficient to justify significant policy tightening.