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(Bloomberg) Zhejiang Huayou Cobalt Co. said it has reduced lithium output and cut costs after reporting a 49% slump in net income in the first quarter. Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTikTok to Remove Executive Tasked With Fending Off US ClaimsChina Is Front and Center of Gold’s Record-Breaking RallyTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an Al

South koreaWang junBloomberg businessweekChen hongliangTesla incBloomberg zhejiang huayou cobalt coAmperex technology coHuayou cobaltPresident chen hongliangVice president wang junLithium market strugglesRecover after epic boomLithium carbonatePresident chen hongliangTechnological innovations