Arcadium—the new name for the combination of global lithium giants Livent and Allkem—said it is pausing investment on one of its Canadian projects, Galaxy, as it looks for a capital partner. It said it is moving forward as planned with another Canadian project, Nemaska Lithium. (The Logic)

Talking point: CEO Paul Graves said in Arcadium’s earnings report that “the market is clearly indicating that the industry does not need to add supply at the same pace as previously expected.” The announcement comes as several automotive and battery companies have pushed back plans to manufacture electric vehicles, which use lithium-ion batteries. In prepared remarks, Graves said that the long-term trajectory of lithium demand hasn’t changed, but noted that Chinese suppliers are pushing up the lithium supply more quickly than many expected. Meanwhile, Arcadium announced last week that it acquired battery tech startup Li-Metal, including its intellectual property and pilot production facility in Ontario, for $11 million.