In November 2024, cobalt sulphate prices averaged 27,200 yuan/mt, down 3% MoM and 25% YoY, due to high inventory and low demand. While mid-month transactions briefly increased, overall prices remained low. November focused on destocking, with slight demand recovery for ternary cathode precursors. December trends suggest price pressure due to oversupply and year-end contract negotiations which is reflected in our week-on-week price tracker. Entity 11-Dec 18-Dec Unit % Green H2 Germany 8.676 8.691 €/kg 0.17% Green H2 California 4.430 4.660 $/kg 5.19% Green H2 Netherlands 7.910 8.520 €/kg 7.71% Spodumene Concentrate 810.0 808.0 $/ton -0.25% Lithium Carbonate 10,511.9 10,388.6 $/ton -1.17% Nickel Sulphate 3,625.3 3,622.6 $/ton -0.07% Cobalt Sulphate 3,963.9 3,670.6 $/ton -7.40% Manganese Sulphate 832.2 827.6 $/ton -0.55% Copper…