Ba/Cashell, Mo/Cashell, and Li/Cashell chronologies of Pecten maximus can provide information on past phytoplankton dynamics. Distinct Ba, Mo, and Li peaks in the shells are associated with algal blooms. This study evaluated the underlying hypothesis that respective element profiles reliably record variations in phytoplankton dynamics occurring within the water column. Therefore, the chemical content of scallops from the Bay of Brest, France, that lived on the sediment surface was compared to conspecific specimens living in a cage above the seafloor and compared with the phytoplankton abundance and the physicochemical properties of the water column. As demonstrated, Ba/Cashell and Mo/Cashell peaks occurred contemporaneously in specimens within the cage and on the sediment, but were higher in the latter. Furthermore, element/Ca peaks agreed with the timing of particulate Ba and Mo enrichments in the seawater. These data support the assumption of a dietary uptake of both elements. Differences in peak heights between shells living in a cage and on the seafloor were controlled by rates of filtration and biomineralization. While the timing and magnitude of Ba/Cashell peaks were linked to Ba-containing diatoms, Mo/Cashell peaks were related to blooms of Mo-enriched dinoflagellate and diatom aggregation events. Two episodes of slight Li enrichment occurred synchronously in cage and sediment shells. Although the exact mechanism causing such Li increases remains unresolved, the findings suggest a link to large diatom blooms or the presence of a specific diatom taxon. This study refines previously hypothesized relationships between trace element enrichments in scallop shells and phytoplankton dynamics.