Lithium Miner Albemarle Is Cutting Jobs Amid EV Slowdown. The Stock Is Up

Shares of lithium producers have been hammered lately as demand growth for electric vehicles slowed, and prices for lithium—a key component in EV batteries—plummeted. The pain for the industry is now entering a new phase with layoffs and reduced spending announced.

Source: Reuters: Health - January 18, 2024 Category: Consumer Health News Source Type: news