Last week, the payables for ternary black mass and cobalt-based black mass saw slight downward adjustments. The payables for ternary cathode powder was quoted around 77%, while that for ternary battery powder was around 73%. For lithium cobalt oxide (LCO) cathode powder, the payables was quoted near 78%, and for LCO battery powder, it was near 74%. Meanwhile, prices of LFP-based black mass continued to decline in tandem with falling lithium carbonate prices, with the lithium-point price for cathode powder dropping to as low as Yuan 6,500 per lithium point, and that for battery powder falling below Yuan 6,000 per lithium point.Repair-grade LFP cathode sheets remained firm in price. Faulty batteries from Aion ride-hailing vehicles are expected to add approximately 15,00020,000 tonnes of LFP battery packs to the market.