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A big lithium producer is cutting production. That's a positive signal for the struggling industry.
In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down the big news that a Chinese battery maker is cutting lithium production, and why that could be a big positive for lithium miners including Albemarle (ALB -0.96%), Lithium Americas Corp (LAC -2.21%), and Sociedad Química y Minera de Chile S.A. (SQM -0.21%).
*Stock prices used were from the morning of Sept. 11, 2024. The video was published on Sept. 11, 2024.
Jason Hall has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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