Monadelphous (ASX:MND) shareholders were having a bad day on Thursday as the stock tanked more than -6% due to Albermarle downsizing its lithium operations. Albermarle announced on Thursday it was cutting 300 jobs in Australia on-site its lithium operations as the commodity price remains uneconomical to warrant the current scale of Albermarle’s play. Monadelphous, a contracted services provider on-site, has fallen among the victims. “Monadelphous was contracted to construct the front-end pyromet works associated with two new lithium processing trains and a multidisciplinary package for the uti…
