Key TakeawaysAlbemarle stock jumped Wednesday following reports that Chinese battery producer CATL plans to scale back lithium production.Weakness in lithium prices has caused producers to reduce their workforce and abandon expansion projects.Slumping lithium prices have pressured shares of Albemarle, the largest producer of the metal. Shares of Albemarle (ALB), the world's largest lithium miner, rose more than 13% following reports that a key Chinese battery producer intends to reduce lithium production le ...