Albemarle plans layoffs, other cost-cutting moves to save $750M as EV demand slows
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Albemarle Corp. — the largest lithium miner in the world — is cutting jobs and postponing projects, including in the Charlotte region.
On Wednesday, the Charlotte-based company outlined cost-cutting measures expected to save more than $750 million “in the near term,” Albemarle said in a news release. The company expects this year’s capital spending to range from $1.6 billion…
This story from charlotteobserver.com was posted on 2024-01-18 by @moonwhisper.