Key TakeawaysLithium miner Albemarle plans to slash costs and lay off workers as the slump in EV demand and tumbling lithium prices hurt sales and profits.The company said it will lower capital expenditures and optimize its cost structure.Albemarle said the moves were being made because of changes in market conditions.Shares of Albemarle (ALB) lost ground Wednesday as the biggest lithium producer announced it was cutting costs and jobs, as well as taking other measures to save money because of “changing end ...