Albemarle, world’s largest lithium producer, axes 300 jobs amid market downturn- Republic World ...Middle East

Albemarle layoffs | Image:Republic Albemarle layoffs news: Albemarle Corporation, the world’s largest lithium producer, has laid off over 300 employees, equivalent to 4 per cent of its global workforce, according to The Information. This move comes amidst a challenging landscape for the lithium industry. Lithium prices plummet Representative image from Freepik The oversupply of lithium, a vital component in electric vehicle (EV) batteries, has led to a staggering 80 per cent drop in prices, currently standing at $13,200 per tonne, the lowest since 2020, according to Benchmark Mineral Intelligence. The company had previously hinted at potential cost-cutting measures, citin

Read More Details
Finally We wish PressBee provided you with enough information of ( Albemarle, world’s largest lithium producer, axes 300 jobs amid market downturn- Republic World )

Also on site :

• 7 Best Ways To Style Linen Pants, According to a Celebrity Stylist
• 'I Tried Taylor Swift's Posture-Correcting Sports Bra—Here's My Honest Review'
• Tim McGraw Shares Super Rare Photo of Niece Who 'Looks Just Like Faith'