Albemarle, the world's largest lithium producer, lays off 300 employees (4% of workforce) due to weak lithium prices caused by oversupply for electric-vehicle batteries.

Albemarle, the world's largest lithium producer, has cut four percent of its workforce, laying off around 300 employees due to weak lithium prices. This decision was made following an oversupply of lithium used in electric-vehicle batteries, which resulted in a collapse of the prices. The layoffs affected various departments, including legal, mergers and acquisitions, marketing, materials sciences, research and development, and recycling.

January 29, 2024
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