Last week, the lithium battery scrap market showed a weak trend with significant divergence in transaction activity. Transactions of ternary scrap were mainly concentrated on high-nickel materials. Supported by improved production schedules of downstream cathode materials plants, some tolling processors maintained a stable operational pace during the month. For cobalt-based scrap, supply and demand dynamics saw limited changes. As cobalt salt prices continued to decline gradually, hydrometallurgical plants adopted a wait-and-see attitude toward short-term price movements, leading to cautious price quotations. Lithium iron phosphate (LFP) scrap prices exhibited an overall weakening trend during the week. Most hydrometallurgical plants reported a reduction in material circulation in the market. Additionally, black mass producers, having purchased feedstock at high prices in the past, found it difficult to match current market prices and have therefore suspended sales.