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Albemarle To Cut Headcount, Limit Some Spending

By Ben Glickman Albemarle said Wednesday it would reduce its headcount and pull back on some spending in response to changing lithium market conditions. The.

North carolinaUnited statesBen glickmanAlbemarle technology parkChief executive kentArticle normalBasic materials resourcesCorporate industrial newsIndustrial newsBasic materials

Albermarle to cut jobs, capex in response to changes in the lithium value chain

The company's actions come as prices for lithium, which is used in electric-vehicle battery production, have plunged over the past year as supply has.

Albermarle corpChief executive kentArticle normalPrimary metalsFerrous metalsBasic materials resourcesCorporate strategy planningFinancial performanceAnalyst comment recommendationFunding capitalLabor personnelCorporate actionsCapital expenditureCorporate industrial newsLay offs redundanciesEquity markets

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