# [SMM Cobalt-Lithium Morning Meeting Summary] Upstream prices consolidate with divergence; end-use demand remains weak while the energy storage market shows support.

> Lithium carbonate spot prices averaged 92,500 yuan per tonne, with inventories falling by 2,994 tonnes week on week to 125,391 tonnes. Cobalt prices rebounded, but downstream trading remained limited; demand for battery materials was generally weak, partly offset by resilient energy-storage demand.

- Date: 2026-11-10 · published 2026-11-10T06:14:05.631Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/91119-smm-cobalt-lithium-morning-meeting-summary-upstream-prices-consolidate-with
- Commodities: [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

Weak end-use demand and expectations of rising overseas supply weigh on battery-material prices, while inventory drawdowns and energy-storage demand provide some support. The article does not report changes in feed or agricultural commodity supply or demand.

## Sources

- news.metal.com: https://news.metal.com/newscontent/5TIWY6HDPZPAYT72FUVITL4KWD4Q42A4LOPFRHQ-smm-cobalt-lithium-morning-meeting-summary-upstream-prices-consolidate-with-divergence-end-use-demand-remains-weak-while-the-energy-storage-market-shows-support

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.