Last week, the lithium battery scrap market showed a weak trend, with notable divergence in transaction activity. Transactions of ternary scrap were mainly concentrated on high-nickel scrap. Supported by improved production scheduling in the downstream cathode material sector, some toll processors maintained a steady production pace during the month. In the cobalt-based scrap market, supply and demand remained relatively stable, while cobalt salts continued their gradual decline. Hydrometallurgical plants adopted a wait-and-see attitude toward short-term price movements and became more cautious in their quotations. Prices of lithium iron phosphate (LFP) scrap exhibited an overall weakening trend. Most hydrometallurgical plants reported a decrease in material availability in the market. Powder processing plants, facing high inventory costs from earlier purchases that are difficult to align with current market prices, have suspended shipments.