US Magnesium to lay off 85% of its workforce, citing ‘deteriorating market conditions,’ for now

  • 📰 sltrib
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 61%

Business News News

Business Business Latest News,Business Business Headlines

The company said it expects the layoff will be a temporary break from mining magnesium and lithium from the Great Salt Lake.

US Magnesium LLC, which mines magnesium and lithium from the brines of the Great Salt Lake, plans to lay off 186 workers and idle operations at its Tooele County plant — at least temporarily.

US Magnesium violated Utah environmental regulations, including exceeding emissions limits, for nearly a decade. The Utah Division of Air Quality, housed in the state’s Department of Environmental Quality, cited the company 30 times between 2013 and 2023., The Renco Group, to Utah Gov. Spencer Cox.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 316. in BUSİNESS

Business Business Latest News, Business Business Headlines