Feb 12 (Reuters) - Albemarle, the world's

largest producer of lithium, said on Wednesday it swung to a

quarterly profit as cost cuts helped offset plunging prices for

the metal used to make electric vehicle batteries.

The company posted a profit for the fourth quarter ended

December 31 of $33.6 million, or 29 cents per share, compared to

a quarterly loss of $617.7 million, or $5.26 per share, in the

year-ago period.