Exclusive From The Electric: Amid a Lithium Industry Bloodbath, Albemarle Lays Off 300 Employees

Charlotte, N.C.-based Albemarle, the world’s largest lithium producer, has laid off more than 300 employees in its U.S. and global operations as the lithium industry navigates an 81% drop in prices for the central metal in the manufacture of electric vehicle batteries, according to people familiar with the matter. The layoff amounts to 4% of the company’s global workforce.