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Albemarle cuts annual forecast on slumping lithium prices

Worries have been mounting that global EV demand is softening and not keeping pace with aggressive growth targets set by automakers and regulators. That is reflected in lithium prices, which have tumbled more than 60% this year. Albemarle, which supplies Tesla and other automakers, sells most of its lithium on long-term contracts linked to market pricing.
New South Wales Chris Reese Ernest Scheyderediting David Gregorio Gina Rinehart Wall Street
Source: yahoo.com

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