A post by @FirstSquawk on X.

Rio Tinto has cut dozens of jobs at its Quebec processing plant, according to a Globe & Mail report relayed by First Squawk, as falling lithium demand weighs on the operation. The exact number of positions eliminated was not disclosed in the headline. The move underscores the pressure on lithium producers as prices and demand for the battery metal have retreated from earlier highs. It matters because the cuts signal that even major diversified miners are trimming costs in their lithium units rather than waiting out the downturn. Watch for further details on the scale of the reductions and whether other lithium assets face similar cost-cutting.