Pricing for lithium cobalt oxide (LCO) batteries – commonly employed in consumer electronics, mobile phones, and notebooks – continues to fall based on data from the Commodity IQ Global LCO Price Index. After experiencing a 41.5% drop through the first seven months of the year compared to 2022, LCO battery chemistries fell by 4.4% through the first half of August from the same period in July, presenting an opportunity for price-downs.